S&P500 is showing impulsive bearish quality from the highs, currently in fourth wave but looks like wave five could break to a new intraday low very soon. So if we get another low, then bearish impulsive from the high would be confirmed, which means then more downside after and three wave bounce.

S&P500 (Dec 2014) 1h Elliott Wave Analysis

Metals are turning nicely to the upside from earlier spikes down following "no" on Swiss-gold referendum. Well, gold did not fall to a new low but it's interesting to see a very strong and impulsive upward reversal from the past few hours, so looks like we will see even higher prices in sessions ahead.

GOLD 30min Elliott Wave Analysis

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