December S&P E-mini Futures: Today's day session range estimate is 1052-1068. I still think a break of 40 points or so will begin within a day or two. I also expect the e-minis to reach the 1120 level by the end of October.
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: 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 970.
SLV - December Silver: Continuation up to 1900 is likely.
Google: Support is at 420. Next upside target is 500.
7 comments:
Carl, why 40 points and not 25 or 60?
Carl: You seem to right about the resistance. I saw sellers coming out at ~ES 1071.
Carl
I think we're going to 1120 now without a pull back.
Carl... GO SHORT !
Why didn't you go short at the top of your range Carl?
I think today's market is still fairly bullish, as we have not traded below yesterday's close so far.
Value seems to be accepted at ~ES 1066.
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