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.
thanks for your great blog carl
ReplyDeletethis 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