June S&P E-mini Futures: Today’s range estimate is 1886-1894. I think the ES is headed above 1900. Only a close below 1859 would turn me bearish. Such action would probably be associated with drops in the Dow and S&P 500 below their 50 day averages.
QQQ: Upside target is 95.00.
TNX (ten year note yield): I think the market will move to 3.50% over the next few months.
Euro-US Dollar: The euro is headed for 1.42. The euro is starting to sag beneath 1.3670 support but I am not yet convinced that it has been broken. Dollar-Yen: The dollar-yen is headed for 107.00.
July Crude: A close above the 104.48 high would mean the market is headed for 111. In the meantime I am sticking with my bearish stance.
June Gold: Resistance above the market is at 1320.Downside target is 1210.
July Silver: Resistance above the market is at 20.25. Silver is headed for 13.00.
Google: 538 is resistance above the market has been broke. But 555 is secondary resistance where the rally would match the size of the biggest rally on the way down from the bull market high. Unless GOOGL leaps over 555 I will keep looking for a drop to 450-475.
Apple: AAPL has reentered my 600-610 target zone. But I think a drop to 540-550 is imminent.