September S&P E-mini Futures: Today's range estimate is 985-1000. I think the rally will carry the e-minis well over the 1000 level over the next few months.
QQQ: I expect to see 40.50 before a modest reaction begins.
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 reached the 92.50 downside target and soon will begin a move up to 105.00.
September Crude: I am going to stay bullish for a move to 76 until and unless weakness below the 62.50 level develops.
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 395. Next upside target is 500.
1 comment:
Looks like we may be making the High of the Day first. That often implies the Low of the Day will be made later in the day.
Let us just see.
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