June S&P E-mini Futures: The 845 level should be strong support. I think today’s range will be 845-865. This market is likely to reach the 940 level over the next few weeks.
QQQ: The 30.80 level is support and I think the Q’s are headed for 35.00.
June Bonds: I don’t think the longer term bearish picture has changed. Resistance above the market is 132-16. Next downside target is 115.
June 10 Year Notes: I think a bear market in the notes is underway. Resistance above the market is at 125-20. Next downside target is 118.
Euro-US Dollar: Support remains at 131.00. I still think that the euro is headed for the 141.00 level.
Dollar-Yen: Then yen is headed for the 104.00 level.
May Crude: I think May crude is on its way to the 58.00 level. Support is at 46.00.
GLD – June Gold: I think the market is headed below 700. Resistance above the market is at 915.
SLV - May Silver: Silver has broken 1240 support and is now headed for 750.
Google: I think that its drop from 747 is over. Support is at 340. Next upside target is 410.
1 comment:
Hello Carl,
in general I agree with you bullish M/T scenario but this reaction will take us below 800.
cheers
Susn
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