June S&P E-mini Futures: Today's range estimate is 1327-37. The market is headed for 1400 and above.
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: I think the euro will move up to 145.00.
Dollar-Yen: This is a strong resistance zone in the yen. I think the drop to 70.00 will soon resume.
May Crude: Crude will continue upward to 112. Support is at 97.
GLD – June 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.
2 comments:
Carl, here is a chart of SPX with a Fib line starting at the March low of 2009 to the April 2010 high. The 1.618 extension is 1560. Perhaps you will find this meaningful.
http://4.bp.blogspot.com/-QMXEM_80Q3Y/TZoioUNiJFI/AAAAAAAABHk/xfkCjpR0e_k/s1600/spxwfib.jpg
For the entire blog post that includes a similar analysis for MID and NDX, see: http://george-rahal.blogspot.com/2011/04/long-term-view.html
Day Was Tough But We Got Five Very Useful Updates In The Seminar Which Saved Us. Market As Usual Remained Predictable To Our Carl!
Thank You,Sir!
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