December S&P E-mini Futures: Today's day session range estimate is 1035-1050. Midpoint resistance at 1054 should produce a break of 30-40 points. I still expect the e-minis to 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 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 900.
SLV - December Silver: Silver is headed to 1700. Support is at 1250.
Google: Support is at 420. Next upside target is 500.
3 comments:
i give up..i am gonna follow futia as he is reading the market better..come on futia, do not disppoint me..
Good morning,
¿What is a break of 30-40 points? ¿30-40 points up or 30-40 points down?
Jorge,
Not to put words in Carl's mouth but "break of 30-40 points" means a break in the current uptrend or the start of a counter-trend move.
Please refer to yesterday's 4:05 post where Carl states "a break of 30-40 points will probably begin from a short term top later this week." Further, "[a]ny such break should hold mid-point support near 1011".
Hope that helps.
Larry
Post a Comment