June S&P Futures: The S&P’s have nearly reached 1295 resistance. I think the next significant move from here will be downward to 1235 or so.
September Bonds: Bond are on the way to 108-20. Over the next few weeks the market should reach the 110-111 zone.
September 10 Year Notes: The notes are on the way to 106-08. Over the next few weeks I expect the market to rally into the 107-108 zone.
Euro-US Dollar: The market is still stuck in a trading range. Resistance today is 129.20 and I think the next significant move from here will be downward.
Dollar-Yen: The yen should find support around the 111.70 level and then start upward to 114.40. The market is in the early stage of a move to 130.
July Crude: Today resistance is at 71.80. The market is headed down to 66.50 before another rally starts.
August Gold: Resistance today is at 650. The market should soon head downward to temporary support at 610. 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: Silver bounced off of temporary support near 1160. 1225 is resistance today and the market should now drop to 1100. The 935 level should be reached in a couple of months.
Google: I think Google will hold the low at 360 and rally to 410.
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