December S&P Futures: Support is at 1330 and the market should soon move into the 1340-42 range. From there a break of 10-20 points is likely. 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 at 127.60. The market is headed down to 122.50.
Dollar-Yen: The yen should hold the 116.90 level. Next upside target is 120.00. The yen should reach 130 over the next year.
October Crude: The market is headed for 58.80 with resistance above the market at 64.50. 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. Today resistance is at 590.
December Silver: I think the market is on its way below 900. Today resistance is at 1100.
Google: Support is now at 389 and I think GOOG will soon move above its all time high of 475.
1 comment:
Looks to me like if the Dec S&Ps can break below 1330 that the top is in. I think it may happen soon.
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