June S&P E-mini Futures: Today's range estimate is 1268-88. I think the next development will be a drop to 1225-35 which should end the correction which began from the February top. Once this correction is complete the bull market will resume.
QQQ: I expect to see new bull market highs after the current break ends.
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 move up to 145.00.
Dollar-Yen: Intervention by the Bank of Japan and the Fed rallied the yen to 82.00. I think 83.50 is the upside potential. After that the drop to 70.00 should resume.
April Crude: Crude will continue upward to 112. Support is at 97.
GLD – April Gold: A move to new highs is underway. 1495 is the next upside target.
SLV - May Silver: Silver has reached the 36.00 upside target but there is still no sign of a top. Next stop is 39.50.
Google: The 540 level is support. A move that should take GOOG above 700 is underway.
Apple: Next upside target is 375. Support is at 310.
3 comments:
Could you post some 'guesstimates' on CHF? Thanks :)
Small speculators in S&P futures reduced longs by approx. $6.2 billion last week - 4th largest reduction all-time.
Thanks, Joe. Monster move up coming?
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