June S&P E-mini Futures: The e-minis reached the 803 downside target last night and have rallied this morning back to 815. For the time being I am going to stick with my range estimate for today of 803-823. I think that a rally to 875 is imminent.
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.
No comments:
Post a Comment