December S&P Futures: It now looks like the S&P futures are headed for the next upside target near 1246. The 1212-1213 zone is still support.
December Bonds: The bonds are not likely to rally past 111-10 before dropping to 110-00.
December 10 Year Notes: The notes will stay below 108-06 and then take another step down to 107-00.
December Eurocurrency: The market has reached the 17.50 to 118.50 target area and I think the next big move will be upward.
December Crude: Resistance is at 61.50. The market is headed for the next downside target at 57.90. The market should be trading below 56.00 soon.
December Gold: I don’t think the market will hit 455 and if I am right the next step up will be to 500. If 455 is hit then continuation downward to 446 or so will become likely.
Google: Resistance is at 389 while support is at 361.
No comments:
Post a Comment