Down sharply but firming.
Surprise rate cut by Australia's central bank. Markets hate surprises. Note that Aussie CPI is in deflation.
Elsewhere, this is just the sort of exclusive behavior that I want to see near market highs:
Love the name Further Future which sounds like social mood may finally be getting further along the scale to expansiveness and euphoria.
Things ought to be pretty upbeat for Amazon, Alphabet, and the Facebook at Bilderberg in June.
All about AUD and JPY throwing a wrench into what has recently been the global Risk On machine. CHF stronger too, along with the USD bouncing hard after breaking 92.62. All adds up to caution.
Prices higher from 2s-30s.
WTI crude slipping, and NG higher.
Gold, platinum, and palladium have more convincing wave structures than either silver or copper at the moment. This may be because of the industrial component of silver and copper vs the more currency aspect of the others. Hard to tell. Just a comment.
The wave count is currently far more ambiguous than usual. Would be a buyer in the 1950-2000 zone and a seller above 2011.05.
Current levels feel like way too much guess work for me.