September S&P Futures: The market has reached support at 1232 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: I still think this market has a good shot at reaching the 126.90 level before it drops to 124.30 which is the next short term downside target. An extended drop which should carry below 116 is underway.
Dollar-Yen: The yen has nearly reached 115.50 resistance and soon should break to support around the 114.30 level. The market is in the early stage of a move to 130.
July Crude: The market should reach 66.50 soon. Resistance today is at 69.25.
August Gold: Gold has nearly reached my 535 target which is the 2 and 1/8 multiple of the 252 low. Resistance above the market is at 582.
July Silver: Silver has nearly reached my 935 target. Resistance above the market today is at 1015.
Google: Support is at 380 and I think GOOG will soon rally to 410. I expect to see the market reach the 450-500 zone this summer.
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