June S&P E-mini Futures:
Today's
range estimate is 1314-1330. The ES has reached the 1310-20 target zone. I
think the end of the drop from 1419.75 is imminent.
QQQ: Downside target is 62.50.
TNX (ten year note
yield):
The 10 year yield is back to the low of
its recent multi-month trading range. I still think that the 10 year yield has
started a move to 3.00%.
Euro-US Dollar: The Euro has rejected
the 1.3300 resistance level. The market is headed for 1.2600.
Dollar-Yen: This market is headed
for 75 and lower.
June Crude: The market is
headed down to 75.
GLD – June Gold: The
market has dropped to the vicinity of the September and December low points at
1544 and 1529. I think a sustained up move is about to start.
SLV - July Silver: The market is getting
close to its December low at 26.27 where a sustained move up is likely to
start.
Google: Google is now headed
for its 2007 top near 750. Support is at 590.
Apple: AAPL
is headed for 520. From there a move
above the 644 high will start.
2 comments:
Wow contrary signs everywhere from the economist to barrons online to article after article about market corrections and how to protect against coming crash, maybe just maybe they are correct this time but i wont hold my breath. carl you should have a field day with a contrary post
This is brutal, the market goes down every day.
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