June S&P E-mini Futures: Today's day session range estimate is 1577-90.
I still think that a break of 10% and possibly more is likely before the ES can
climb above the 1546-87 resistance zone by any significant amount.
QQQ: Headed for 73.
TNX (ten year note yield): Bond yields are going much higher as
the market begins to anticipate stronger economic growth. The first upside
yield target for the 10 year is 2.50%.
Euro-US Dollar: The euro has spent several days trading
above its 20 day moving average and it looks like a swing to 1.40 has begun.
Dollar-Yen: I think this bull market has much further
to go. However the market is likely to stall for a few weeks beneath resistance
at 100-101.
May Crude: As
long as crude does not spend much time above 100 I will stick with my view that
it is headed below 70.
June Gold: Support
is in the 1530-50 zone lows of this trading range
May Silver: Support is at 26.00.
Google: Now headed for 950.
Apple: Longer
term downside target is 350 and near term support is 390. Meantime resistance
above the market is at 480.
1 comment:
Can you please explain the significance of the 1546-87 resistance area, I'm assuming they are measured move projections.
Post a Comment