Could be trend change, could be corrective move.. For the moment I would stay conservative and look for confirmation of trend change.. In any case GOLD is targeting at least at $1120..
Russian Ruble is under pressure because of oil prices.. So expect that the high 80RUB=1USD will be taken out with the target of 90RUB=1USD.
Looks like the multiple cycles are getting over at 35.50, so be prepared for corrective wave 4 with the target $40. Then final drop to 32-33..
It looks like that large, medium and small cycles are already over or close to that... So.. be prepared for the change of trend..
Threee circles are getting over, time for turn around. SP500 may go evenlower, but the start of 5th wave is close..
Will test 1000, possible low @980. Then strong move to 1500..
It's quite possible that oil(wti) will get corrected to ~48.40+ in few trading sessions.. then huge drop under 40-