December S&P Futures: I expect the bottom of the trading box at 1211, described in Wednesday’s late afternoon post, to hold. The next short term upside target is 1268.
December Bonds: I think a big move upward into the 121-123 range has begun. Support is at 115-04.
December 10 Year Notes: I think the move up to 116 has started. Support is at 110-20.
December Eurocurrency: The market should reach support at 120.80 soon. Then expect a rally to 126.50.
November Crude: The 68.30 level should halt the move up from 63.20. We should see the 55.50 level in a few weeks.
December Gold: I think gold will drop to 460 or so before the uptrend resumes.
Google: 300 is support; upside target is 343.
1 comment:
carl:
i was looking at your explnation on S&P..as per your say, you expect the market go to 1268..but techincally S&P broker the supper level and the TREND has turned downward..it looks like it could to 1160 in short term..any thoughts? do you see that happening?
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