June S&P E-mini Futures: The e-minis have spent most of the time since yesterday’s close trading below the 900 level. This means that the market is headed down to 855-65. I estimate today’s range will be 880-900. I still think that the market will rally to 952 or higher over the coming month.
QQQ: Support is 32.50. Once the reaction is over the next upside target will be 39.90.
June Bonds: A bear market is underway in the bonds. Resistance is at 125-00. Next downside target is 115.
June 10 Year Notes: I think a bear market in the notes is underway. Resistance is at 122-16. Next downside target is 118.
Euro-US Dollar: The euro is headed up to 140.00.
Dollar-Yen: Then yen is headed for the 104.00 level. Support stands at 95.55.
July Crude: Current upside target for crude is 64.00. Support stands at 57.00.
GLD – June Gold: I think the market is headed below 700. Resistance above the market is now at 945.
SLV - July Silver: Silver is headed for 750. Resistance is at 1450.
Google: Support is at 360. Next upside target is 450.
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