September S&P E-mini Futures: Today's range estimate is 1115-1130. The 1036.75 low on May 25 ended the drop from 1216. I expect to see the 1300 level by the end of the year.
QQQ: A move up to 54.00 is underway.
TYX (thirty year bond yield): I think this market is headed for 5.40%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.50%.
Euro-US Dollar: A move into the 135-40 zone is underway.
Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.
July Crude: I still think crude oil is headed for 50.00.
GLD – August Gold: The odds are that the market will continue upward to 1320. I still expect to see 875 before 1400. Support stands in the 1160-70 range.
SLV - July Silver: I think silver will rally to 21.50 and then begin a move to 10.oo.
Google: The 450 level is support. A move that should take GOOG above 700 will begin soon.
Apple: Should reach 350 (at least) before the bull market ends. Support is at 240.
4 comments:
Silence in the comments section - does that mean we're headed even higher?
Seems to see 1135--1140 this week.
I was not comfortable to trade today ,as on last night opening 1116 was buying point,next moment saw 1127...so fast!
1117 to see is justified.
Guess estimates were great if I wasn't lost in last nite trades.
Thank you,Carl for giving us your so valuable work.
Stay Safe and Live Long for all of us!
This morning's hasty retreat from early highs suggests further weakness through July 2. Still expect July to be an outperform up month.
This strength above 1117 signals to me that a move to 1140 is underway.
Post a Comment