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.
2 comments:
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
A 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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