September S&P E-mini Futures: Today's day session range estimate is 1187-1207. Support is at 1180 and I think the market is headed for 1220-1240. Once this target zone is reached the bear market is likely to resume.
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: Gold is in the midst of a reaction within an ongoing bull market . Downside target is 1575. Resistance above the market is in the 1820-1840 zone.
SLV - September Silver: Support in silver is at 35.00. From there a move to 50.00 and higher should begin.
Google: I think much bigger drop than I expected is underway. Downside target is 375.
Apple: Upside target is 435. Support is at 345.
"the bear market is likely to resume"? What happened to your S&P going to 1400+?
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