December S&P Futures: Today support is in the 1378-81 range. I think it is likely that the market will drop briefly below is Wednesday low at 1380.25. The next important move will be upward into the 1410-20-zone.
December Bonds: The bonds are headed up into the 115-01 or so. Support is at 112-06.
December 10 Year Notes: The notes are headed up to 109-16. Support is at 107-24.
Euro-US Dollar: The euro will probably stall in the 128.70 to 128.80 zone and react 100-150 pips. But I also think that the market will take out its June 5 high at 129.76 before the advance from 124.83 is complete.
Dollar-Yen: The yen should drop to 116.00 or so and then rally to 121.00. I expect to see the yen at 130 next year.
December Crude: I still think the market will rally to 62.00 or so.
December Gold: Gold is headed for 650 and quite possibly up into the 675-80 range. Support today is at 626.
December Silver: Silver should reach 1350 before any substantial drop begins. Support is at 1300.
Google: GOOG will soon reach its initial 507 target and then move on to its higher 564 target. Support is at 463.
1 comment:
thanks for your great blog carl
this week is 21 fibo weeks and gann 90° (91 days) from recent lows (suggest top area) on the Fib 1385 cash SPK
Alot of people are looking to that 11/17 area but...
what gives you confidence another upswing is coming past this weeks cycles? Any more information of how you get 1410-1420?
thanks
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