September S&P E-mini Futures: Today's day session range estimate is 1152-1182. I think the ES is now headed into the 1220-1240 range.
QQQ: Support is 50.00 and upside target is now 58.
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 near its historical low but will soon start a move to 4.50%.
Euro-US Dollar: I think this market is now headed for 1.5300. Support remains at 142.00.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
September Crude: Crude has dropped as low as 75. Resistance above the market is now at 92 and the next step down should take it to 70. I think this is a bear market in crude which is likely to continue down into the 50-60 range.
GLD – December Gold: Next stop is1960
SLV - September Silver: Silver moved above 43.00 so the next upside target is 50.00.
Google: Google has broken well below 530 support. I think much bigger drop than I expected is underway. Downside target is 375.
Apple: Upside target is 435. Support is at 345.
4 comments:
So is GOOG a great short here just under 530 ?
I'm waiting forSPX MACD bullish cross and break-out of the wedge. They Both look elusive for now!
A triangle is forming lasting a few trading days?
any new target for gold?
Hi Carl,
Do you think that the stock market downturn is indicating an upcoming double dip recession, or is this a "technical" bear phase serving as a reaction to an overcharged bull run.
Post a Comment