March S&P E-mini Futures: Today's range estimate is 1275-1286. I think a drop to 1260 or so is likely before the market rallies all the way back to 1296 or a little higher. In any case by the end of April this market will have traded at 1350.
QQQQ: I think the market will rally to 58.50.
TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.
TNX (ten year note yield): The 10 year yield is headed for 4.50%.
Euro-US Dollar: I think the euro will soon begin a move up to 145.00.
Dollar-Yen: A drop into the 78.00 - 79.00 range is underway and I think an important low will form in that zone.
March Crude: I still think crude oil is headed for 50.00. The 91.50 level is strong resistance because it is the midpoint of the 2008 drop from 147.80 to 35.00.
GLD – February Gold: A move to new highs is underway. 1495 is the next upside target.
SLV - March Silver: The upside target at 31.00 has been reached but there is still no sign of a top. Next upside target is 36.00.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Has reached the 350 target. Next upside target is 375. Support is at 310.
5 comments:
I'm wondering if the dreaded Three dome and Peak formation is off the table....looking like it to me
Carl..are you at the same address??? I want to make my annual donation. Janet
janet:
Yes, same address. Thanks
JW:
I am sticking with the 3pdh interpretation unless and until I see a significant departure from its norm.
Carl,
Would u kindly post an update to the 3 Peaks and Domed House chart pattern that you posted a couple of months. The "#" location would be fine, I have the chart from the last post. Thanks so much for all u do. Many Blessings to u and yours!
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