December S&P Futures: The market is now headed for 1298. The fact that it couldn’t make it up to 1315 tells me that the low of the correction will probably be lower than I originally expected: 1293 or so vs. 1298. Much high prices are likely later this year.
December Bonds: I think the bonds are headed downward to 106-24. Resistance is at 110-28. Short term support is at 109-16.
December 10 Year Notes: The market is headed down to 105. Short term downside target is 106-18. Resistance is at 107-10.
Euro-US Dollar: Resistance is now at 127.60. The market is headed down to 122.50.
Dollar-Yen: The yen should hold the 115.30 level. Next upside target is 119.50. The yen should reach 130 over the next year.
October Crude: The market has been weaker than I expected. The 64.00 level is now support. Ultimately the current drop will carry the market down into the 50-55 range.
December Gold: I think a move below the 500 level is underway.
December Silver: I think the rally from the June low around 945 is complete and that the market is on its way below 900.
Google: Support is now at 369 and I think GOOG will soon move above its all time high of 475.
1 comment:
Hello
Carl, As I expected, the price made a new low. in my opinion this is the dip and after a 50% pull up it made almost 61.8% retracement and it is time to go up. I don't have any idea about the target at the time. Have to dive more in charts.
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