June S&P E-mini Futures: Today's range estimate is 1303-18. I think this correction will end in the vicinity of 1300. If it doesn't then 1270 will be the next stop.
QQQ: Upside target is 63.00.
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: The euro nearly reached 145.00 Friday but I see no sign yet of a top. Support is now at 142.50. Next upside target is 147.00.
Dollar-Yen: The dollar-yen has been stronger than I expected. Next resistance is 86.50. I still think that a drop to 70.00 lies dead ahead.
May Crude: The 112 target has been reached. I expect a lot of hesitation here if not a significant reversal. In the meantime support is at 104.
GLD – June Gold: A move to new highs is underway. 1495 is the next upside target.
SLV - May Silver: Continuation up to 44.00 is likely.
Google: The 560 level is support. A move that should take GOOG above 700 is underway.
Apple: Next upside target is 410. Support is at 310.
is it fair to label this point 18 ?
ReplyDeleteatleast part of it anyways
thanks
joe
AMAZING GUESS ESTIMATES SO CLOSE TO 1318 WAS1315--AND THEN CLOSE TO 1303
ReplyDeleteWAS 1305.25.
THANK YOU,SIR AND UPDATES IN SEMINAR HAD BEEN FANTASTIC.
YOU ARE SO VERY KIND...
HAVE A GREAT EVENING WITH YOUR FAMILY,SIR!
AND I FORGOT TO MENTION THAT I SHORTED W/YOUR GUIDANCE CL_F @113 AND COVERED @108 ,WENT DOWN TO 105.47.
ReplyDeleteSO GRATEFUL,SIR..
16 months so successful in trading ,all because of you.7days only went negative.
YOU ARE AWESOME,SIR !
Carl,
ReplyDeleteAre You a fan of...or...use Magic T as part of your tech analysis? Many of your "guesstamates" seem to resemble it or the D. Boxes
Just curious.
Thanks,
Jack