December S&P E-mini Futures: Today's day session range estimate is 1015-1030. The e-minis have dropped into the 1015-20 target zoned after this morning's employment number. The next significant move should be upward to 1120.
QQQ: Next upside target is 45.00.
TYX (thirty year bond yield): Yields have dropped more than I expected. Still I think this market has a good chance of holding the 3.90 yield zone and then starting a move to 5.00%.
TNX (ten year note yield): The 10 year yield has dropped more than I expected. Still, I think that the 3.10% level will provide support and that the market will soon begin a swing up to 4.30%.
Euro-US Dollar: 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.
3 comments:
I think the downward trend will continue with no real support on the ES til 990... I think next week we will visit the 990 area!
Good Luck
way to go carl..you haven't budged on your bullish projection..it may be a test right here for you
1015 may hold...I plan to watch the bond market again. It presaged the downdraft in stocks...good leading indicator for the moment.
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