December S&P E-mini Futures: Today's day session range estimate is 1055-1070. I think a move to 1120 is underway.
QQQ: Next upside target is 45.00.
TYX (thirty year bond yield): Support is at 4.05%. 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: The market nearly hit the 148.50 target. I think a sustained drop to below 120 is about to start.
Dollar-Yen: I think the 87.13 low will hold and that the yen will soon begin a move 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.
2 comments:
carl 's dream run seems over..as a bear, i am encouraged and this funny money bear rally seems over as well
andi, the rally is not over till the trend line on the daily charts is broken, retested and the retest fails. Of course, many day traders try to make to make money on every move and end up losing big. It is easy to lose one's bearings in this market. The wave counts are confusing, to say the least.
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