June S&P Futures: Resistance today is at 1268. The S&P’s are on their way to 1231.
September Bonds: Bond are on the way to 108-12 but right now will probably dip to 106-31 before resuming their advance. 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 but first will probably dip to support at 105-10. Over the next few weeks I expect the market to rally into the 107-108 zone.
Euro-US Dollar: The market is on its way to 125.70. Resistance is at 128.10. This should be only the first stage of an extended drop.
Dollar-Yen: The yen is headed for 114.40. The market is in the early stage of a move to 130.
July Crude: The market looks ready to break decisively below 71.80 support and when it does it should reach 66.50 in a couple of weeks.
August Gold: The market is headed downward to temporary support at 610. Resistance above the market is at 630. 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 is on its way to 1070. Resistance above the market is at 1170. The 935 level should be reached in a couple of months.
Google: Google is suddenly showing strength in the face of a falling market. I am giving up on my 344 target and am looking for 410 as the next upside resistance. I think Google will rally into the 450-500 range this summer.
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