December S&P E-mini Futures: The market has reached the 1240-50 target zone. The next big move will be downward. Today's day session range estimate is 1230-50.
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: Resistance above the market is at 1.3950. 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. Resistance above the market is at 90.
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 about to start. Support is at 345.
8 comments:
Dear Carl,
after small correction in the first part of November, the next big move should be UP! (90%)
So, be careful!
Ivan ....... 90% Sounds like the Fed will take over EU problems. LOL
The market is due for a correction, no doubt. Though it's not clear that the bear market will resume. There's a good chance the market will head to 1,300 after a brief correction.
Hi Carl,
I am curious if you track sugar at all. It is a very nice trading vehicle.
Have you gone short with ES at 1245? What is your target to cover?
Not Carl, but I am long. Just heard above that we are about to see a 90% move UP. LOL
Interested as well if Carl has moved.
Stocks are just “whistling past the graveyard” and will
eventually succumb to reality...
Todays trading range??
Thanks Carl. Also would be interested if you are short. Thanks. Just started following your blog.
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