December S&P E-mini Futures: Today's day session range estimate is 1045-1060. I think the e-minis will be trading in a range between 1035 and 1075 for the next few days. After this consolidation period ends the market will begin a move to the 1120 level.
QQQ: Next upside target is 45.00.
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: I think the market will continue upward to 148.50.
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 970.
SLV - December Silver: Continuation up to 1900 is likely.
Google: Support is at 420. Next upside target is 500.
Carl,
ReplyDeletemultiple range and fib clusters give a short term support of 16-1630 to Silver
i followed carl's first forecast abt short term support at 1054..and covered my shorts & now i am long..carls latest post reversed the stance but i think his earlier post was right on the money
ReplyDeleteCarl, haven't commented in a while but wanted to commend you on your calls the past few weeks.
ReplyDeleteI also want to point out that the advice and guidance you give here is free to all. I pay for a couple of market newsletters and your calls have consistently been more accurate for quite a while now.
You could probably do quite well in that business should you be so inclined, though I'm sure it would be a pain in the neck on some levels.
Anyway, thanks as always for what you do.