June S&P E-mini Futures: Today's range estimate is 1307-20. I think this correction will end in the vicinity of 1285.
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 has reached 145.00 but I see no sign yet of a top. Support is now at 142.50. Next upside target is 149.00.
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.
2 comments:
Thank You !
In a seminar we were given a trade,I shorted @1317 and now covered @1311.00
+6 points .Wow Sir you pay our subscription for over 15+years every week and immense teaching in your seminar.
I adore you,worship you and follow you
1005 as my christ is you and your book,blogs and updates in seminar are my Bible!
YOU ARE AWESOME,SIR !
I covered @1311 from 1317 but Carl and his followers on Carl's recommendation covered back@1308,75 !
Updates were so meaningfully helping
that we women here trade together with your help and thakyou so much ,Carl!
YOU ARE THE ONLY ONE TO UNDERSTAND THE MARKET SO DEEPLY THAT IS WHAT INSPIRES US TO LEARN FROM YOU,SIR!
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