S&P500
Stocks are in strong bullish mode with E-mini S&P500 now in the late stages of an extended wave 3 which is trading at our Fib. resistance levels. As such, be aware of a pullback in a corrective manner back in wave 4 which can retrace even to 2310-2315 area in the next few sessions from where we will look for a final bounce higher into wave 5) of three.
S&P500, 1H
Crude Oil
Crude oil has recovered in five waves last week, so the current turn down is probably a corrective set-back in wave 2 which can be still underway towards 50-61.8% Fib. level. We believe that market could bounce from that area later this week, while invalidation level at 51.21 stays untouched.
Crude OIL, 1H
