[EOD] Stocks and Oil -
No higher highs across indexes, with the exception of the DJ Transport. Average.
The red (bearish) and green (bullish) counts in Chart 1 summarize the primary tracking counts across indexes. The blue and purple counts are lower probability alternatives.
Chart 2 offers a near term tracking count on WTI Crude, which is likely still in a correction phase tracing out an (X) wave. The bullish alternative is that a local low is already in place.
[1040am] Tracking counts update (SPX, FTSE, DAX) -
[8am] Overnight update (ES, WTIC, FTSE100, USD) -
ES - too many labels to put on the chart, but the colored trend lines basically outline various bullish and bearish options.
CL - corrective structure likely over
FTSE100 - the proposed triangle is still tracking
DX - low is either (iii) or (v) from the recent high