Monday, October 03, 2011

Guesstimates on October 3, 2011

December S&P E-mini Futures: Today's day session range estimate is 1100-1128. I think the ES is headed below its August low at 1071.

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 at its historical low but will soon start a move to 4.50%.

Euro-US Dollar: Resistance above the market stands at 1.3700. The euro is now headed for its next support level in the 1.30-1.31 range.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.

November Crude: The market is now headed for 55-60.

GLD – December Gold: Gold bounced off of support at 1550 but should hold resistance at 1670. Next downside target is 1400.

SLV - December Silver: Silver is now headed for 25.00.

Google: I think much bigger drop than I expected is underway. Downside target is 375.

Apple: Upside target is 435. Support is at 345.


Lama Forecasting said...

the ES target is what i had in mind as well. Reaching the august lows today will be quite sell of if that happens.

Enky Nakamura said...

what a bull trap after the ism data, classic move before a severe intraday drop.