June S&P E-mini Futures: I estimate that today’s day session range will be 923-943. The e-minis are on their way into the 950-80 zone. The 952 and 979 levels are strong, midpoint resistance.
QQQ: The next upside target is 39.90.
June Bonds: A bear market is underway in the bonds. Next downside target is 115.
June 10 Year Notes: I think a bear market in the notes is underway. Next downside target is 115.
Euro-US Dollar: There is no sign of a top. Support is at 135.50 and I think the market will continue upward to 144.00.
Dollar-Yen: The yen will probably drop to 91.50 and then begin a move up to 105.00.
July Crude: Next upside target is 69.00. Support is at 60.00.
GLD – June Gold: The market is headed for new highs near the 1050 level.
SLV - July Silver: Silver is headed to 1700.
Google: Support is at 360. Next upside target is 450.
2 comments:
Hi Carl,
The NYSE closed friday above its 200 day moving average and the SP cash is now also above its 200 day moving average, I would have to believe with 100% likelihood that we're now in the early phases of the new bull market. We should move much higher over time, all dips should be bought.
Thanks.
Kindest regards,
PM
You have the hot hand, Carl. Quite the wild opening!
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