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.
3 comments:
Carl,
multiple 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
Carl, haven't commented in a while but wanted to commend you on your calls the past few weeks.
I 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.
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