September S&P Futures: The market has reached the 1242 downside target and I think the next move will be upward to 1282. This in turn should be the first phase of a move to new bull market highs.
September Bonds: I expect 108-12 resistance to hold. The market should now drop to 106-28. Over the next few weeks the market should reach the 110-111 zone.
September 10 Year Notes: The notes should hold resistance at 106-04 and then drop to support at 105-10. I expect the market to rally over the next few weeks into the 107-108 zone.
Euro-US Dollar: The market should hold temporary support at 125.70 and then rally to 126.90. After that the next step down should carry to 124.30. An extended drop which should carry below 116 is underway.
Dollar-Yen: The yen soon should reach the 115.50 level. The market is in the early stage of a move to 130.
July Crude: The market should reach 66.50 soon.
August Gold: The next step down should carry to 580. Downside target over the next few weeks remains the 2 and 1/8 multiple of the 252 low which stands around the 535 level.
July Silver: The market has broken below 1070 and is now on its way to the next temporary support around 995. Resistance above the market is at 1095. The 935 level should be reached in a couple of months.
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