December S&P E-mini Futures: The market is now headed for 1250. Today's day session range estimate is 1185-1205.
QQQ: Now headed for 59.00.
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 at its historical low but will soon start a move to 4.50%.
Euro-US Dollar: I think this means that the market is headed for 1.3950 before it turns lower. The euro is likely to drop to 1.20 over the coming months.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
December Crude: The market is now headed for 55-60.
GLD – December Gold: Gold bounced off of support at 1550 but should hold resistance which I now think stands at 1710. Next downside target is 1400.
SLV - December Silver: Silver is now headed for 25.00. Resistance above the market is at 33.75
Google: Downside target is 375.
Apple: Upside target is 435 was nearly reached. An extensive downtrend is underway. Support is at 345.
2 comments:
carl market has fallen below /ES 1190 now , also the financials the backbone of the market are not showing good earning JPM etc.. do you think 1220 on SPY was the top ..
Hi Carl what number on the S&P needs to be breached before you think 1220ish was the top and we are going back down??? TIA
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