Update

S&P 500

Todays action indicates that wave 2 (or wave B) ended with the April 21st low. So we are probably now in wave 3 (or C). As stated previously, I think the strength will continue for several more weeks(as waves 3 thru 5 or wave C complete).

Gold

My blog entry on April 7th identified the initial low for this current upmove. As I stated then, I am looking for a move up toward the February top(98.99 on the GLD etf). The first price target is around 94 on GLD.

Crude Oil

The USO etf is fast approaching my 1st target of 32 as stated in my April 27th blog entry. I think the strength will continue for several more weeks as this current wave completes(probably above 35).