September S&P E-mini Futures: Today's day session range estimate is again 995-1010. Any strength above the 1010 level will mean that the market has started its move to 1054. In the meantime I still think a drop to 980-85 is likely before the move to 1120 resumes. The e-minis will 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 146.00.
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.