Spiders - September S&P E-mini Futures: I think the e-minis are now on the way to 1325. Support today is at 1248. I am long from 1240.50. I think the market is in the early stages of a rally which will carry it to 1500 over the next several months.
QQQ: Support remains at 44.00. Resistance stands at 47.50. During the next few months the market should rally to 55 or higher.
TLT - September Bonds: The trend has turned downward once more and the bonds are headed for 109. Resistance above the market is at 116-00.
September 10 Year Notes: The trend has turned downward and the notes are headed for 108. Resistance above the market is at 115-00.
Euro-US Dollar: The trend has turned downward in the euro and I think the market is headed for 135. Resistance above the market is at 158.50.
Dollar-Yen: A rally to 112.00 is now underway. Support is at 105.00.
XLE - OIH - USO – September Crude: I think that the market is now headed for 100. The 133 level is now resistance.
GLD - August Gold: Gold is headed for 750. Resistance above the market is at 960.
SLV - September Silver: Silver broke support at 1750 Friday so I think the market is now headed for 1250.
Google: The 460-80 range is good support and I expect the market to hold there and begin a move which will carry it over 750.
5 comments:
eurusd overshot my target at 1.5600 and i am looking to closeout my short at 1.5530 from 1.5925, Next trade will be a long one. Crude oil is headed for 121 and 96 after, while 144 is strong resistance, in my opinion. I think gold has topped out and is headed down from 987 onward and heading for 697 USD. Good trading all !MC
Hi Carl,
NSDQ100 is stuck in a trading range and not supportive for SP500 moves. Bearish divergence?
Mario
i did not bet against carl, but i still need to send him a bottle of warre's port.
support this site through the paypal link, if you find value here.
thanks carl, i will continue to read your archives to try to learn.
Solrac
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