June S&P E-mini Futures: Today's range estimate is 1315-1330. I think the drop from 1373.50 has ended and that a sustained up swing to 1400 and above is about to start.
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 market is headed for 137.00. Resistance is at 143.50. I still think it is likely that it will reach 150 and above during the next few months.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market now is at 82.45.
July Crude: It looks like the trend is downward. Support is at 94 and I think the market will rally to 106 or so before another down leg develops. That subsequent down leg should carry crude down to 88.
GLD – June Gold: Downside target is 1430. Resistance above the market is 1530. I think that gold will trade above 1600 during the next few months.
SLV - July Silver: Support in silver is at 31.50. The market should rally to 41.50 after hitting 31.50 support.
Google: GOOG is headed for support at 495 from which point the move to 700 and above will resume.
Apple: Next upside target is 410. Support is at 310.
3 comments:
SPX is following a very bullish Andrews line to the tick. (In Dow terms, its looking like a 900 point rally in the next 20 trading days?)
Chart here:
http://www.freestockcharts.com?emailChartID=5eb4a831-1103-4813-a999-1b4beadf54d1
Sorry Carl, this is the chart I meant to post...
Thanks/Regards,
-Dave
http://www.freestockcharts.com?emailChartID=a5fe4ee0-8190-4bc2-9395-6f341fd0bb80
i think the best this market can do today is 1328
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