Markets are moving nicely with the volatility created by fear of negative news from the US banking system. The high-interest rate to fight inflation is causing significant problems for the banks. Tomorrow the CPI report will be essential to find if the FED could pivot. As active traders, our job is to get in and get out of the markets under any circumstance and make money.
Our primary Elliott wave bias on SPX500 and WTI (CL) has been bearish and works nicely, and now we have to look into the future to get ready and capture the next market cycle.