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 1236-1254.
QQQ: Next big move from here will be downward.
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.
4 comments:
GM Carl,
with the recent solid breakout above $90 +/- resistance on oil, why the projection for $60 and what time frame are you looking at? thx
Carl, do you respond to our questions? Just wondering so i don't waste my time, lol.
Looks like your 1236 lower limit was breached, how low do you see ES going?
Carl, kudos on your previous call of 1240-1250, it was spot on. With your expertise and talent, it would be stupid for you not to do what you do. I don't trade futures as you do and I'm slightly down on the year. A question on gold , it was up big today and I'm thinking of buying DGP, if it breaks above the 1710 resistance would it be a buy?? TIA
Carl you are so confusing you talk about GLD but it is nowhere near 1710. It is 165.59 were it closed.
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