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.
Carl, why 40 points and not 25 or 60?
ReplyDeleteCarl: You seem to right about the resistance. I saw sellers coming out at ~ES 1071.
ReplyDeleteCarl
ReplyDeleteI think we're going to 1120 now without a pull back.
Carl... GO SHORT !
ReplyDeleteWhy didn't you go short at the top of your range Carl?
ReplyDeleteI think today's market is still fairly bullish, as we have not traded below yesterday's close so far.
ReplyDeleteValue seems to be accepted at ~ES 1066.
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