Spiders - September S&P Futures: I think the low for the drop from the June 1 top in the S&P’s occurred last Wednesday at 1492. Next upside targets are 1570 for the S&P’s and 155.50 for the Spiders. Support in the S&P’s is 1510 and in the Spiders is 149.80.
QQQQ: I think the Q’s are on the way to 48.70.
TLT - September Bonds: The bonds should rally to the next upside target at 108-20. I think the bond market is in the middle of a multi-week rally of at least 5 points. TLT should move to 86.50.
September 10 Year Notes: The notes should rally to 106-16. I think the market will rally several weeks and at least 3 or 4 points from its low at 103-21.
Euro-US Dollar: The market should stall near its last top at 136.80. I think that the market will eventually drop to 125 or lower before it goes as high as 138.
Dollar-Yen: Next upside target for the yen is 125.50. Support is at 122.30. I expect to see the yen trade at 130 later this year.
XLE - OIH - USO – August Crude: Crude has broken above its important 70.00 resistance level so I think it is now heading up to 76.20. If I am right about this XLE should rally further to 76 and OIH should hit 190. USO should move up to 56.50.
GLD - August Gold: I think GLD has started downward and will drop below 60 on its way to much lower levels. August gold should hold resistance at 665 and drop below 600.
SLV - July Silver: SLV is on its way below 120. July silver should stall at resistance near 1295 and is headed below the 1200 level.
Google: I think Google is headed for 564. Support now is at 512. Next upside target is 552.
6 comments:
A very big call about the Euro/usd 1.25 before 1.38!!!!.
It it is the case you worth a large pay off!.
GL
Hello Carl. I am new to your site. I see you got an excellent academic predigree. However this tells me little about your market forecasting abilities. Can you in any way provide me with a little background on your projections accuracy over time?
Regards,
Daniel
Munich, Germany
dankir,
right side of the page is a list of links.... all carl's previous posts can be seen there
daniel dummy, check the archives. He is one of the best.
Carl
You calls for the Euro have been almost 100% bad. Are you sure you're nreading the chart upside down?
not just the call for the currencies have been 100% bad // you have to use his calls as contrary indicator.
Sell when calls for support and buy when thinks the move is over
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