Thursday, September 24, 2009

Guesstimates on September 24, 2009

December S&P E-mini Futures: Today's day session range estimate is 1050-1065. I expect the e-minis to drop to 1035 during the next few days, then start a rally to 1120.

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.

November 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: Upside target at 500 has been reached. Support is at 450. Next upside target is 550.


vinaydh said...

Some how I think a big rally is brewing today.

Teich said...

Carl: You called the LOD and the HOD fairly accurately so far. Great job.

boris said...

Big Rallies do not brew so easily, after the FAHAP( first Annual High Attraction Point) was hit at 1083( approached within 0.3 percent.
We at Antisopitalist anticipated this for over 6 months now.

Remember what FALAP at 666 did?
It started 60% rally( we anticipataed that level for 2 months, before the event).

Yes FAHAP can be bettered, of course, everything is possible, but something tells me it will take mighty lot to better FAHAP and it will then rally to 1120 easily. And even higher to the Second AHAP.

Good Trading All
Thanks Dear Carl, for excellent short term trading guidance

1044 is not minimum target for today

extrader said...

The 10:30AM turn in the market is about to happen... GET LONG!

boris said...

Apologies to all
Meant 1044 is NOW minimum target for lows

Moritz said...

Hi carl,

Which software do you use for the charts?



Kishore said...

I would not be short at this time. The danger of a snap back rally is there.

Going long is another story.

If the current down wave is wave A, there should be another powerful wave C down after a wave B up. We need to watch the strength in the wave B up.

extrader said...

I think we close at 1059-1060 today on the emini...

Kishore said...

extrader, looks like you are back in business. Now, maybe, you can get rid of the "ex". Good luck!