December S&P E-mini Futures: Today's day session range estimate is 1165-85. The ES is now headed for 1230-40. From there the drop to 950 or so should resume.
QQQ: Now headed below 50.00.
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 near its historical low but will soon start a move to 4.50%.
Euro-US Dollar: The 1.3500 target has been reached. Resistance above the market is at 1.3850. I think we have seen only the first phase of a much bigger drop to 1.2000.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
October Crude: Resistance above the market is at 92 and the next step down should take it to 60. I think this is a bear market in crude which is likely to continue down into the 50-60 range.
GLD – December Gold: Gold s headed for 2060.
SLV - December Silver: A move to 50.00 and higher is underway.
Google: I think much bigger drop than I expected is underway. Downside target is 375.
Apple: Upside target is 435. Support is at 345.
2 comments:
Wow, real change to the new downside target. would like to see the chart posted to arrive at that target. thanks
Eur usd - yes , yes, yes. 1.19 first major high after the move from the lows. It is still strospherically high against the dollar.
CHF - same. 1 cup of coffee in a paper cup costs chf 6 on a railway station. ($8)
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