September S&P E-mini Futures: Today's day session range estimate is 1025-1040. A move to 1054 is imminent. The e-minis will reach the 1120 level by the end of October.
QQQ: Support is at 38.80. Next upside target is 42.00.
TYX (thirty year bond yield): Support is at 4.20%. I think a swing to above the 5.00% level is underway.
TNX (ten year note yield): Support is at 3.25%. I think a swing up to 4.30% is underway.
Euro-US Dollar: There is no sign of a top. Support is at 137.50 and I think the market will continue upward to 146.00.
Dollar-Yen: The yen has started a move up to 105.00.
October Crude: I now think that crude is headed down to 50.00. Resistance is at 76.00.
GLD – December Gold: Still expecting a move to 1070. Support is at 900.
SLV - September Silver: Silver is headed to 1700. Support is at 1250.
Google: Support is at 420. Next upside target is 500.
Just yesterday I wrote a comment about ES 1014 and should get it today and prolly lower... 1021 becomes resistance now and 1006 as support, IMHO
ReplyDeleteA lot of good news has hit the tape recently and the market has gone sideways to down... I am not seeing 1100 in the cards right now!
Good Luck
If today is gonna be a down day, we could go all the way down to 1006 at previous resistance and it would fill 2 gaps that are still open on this runup!
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