Guesstimates on May 30, 2014

June S&P E-mini Futures: Today’s range estimate is 1912-1922. I still think a drop of 30-40 points is imminent but only in the context of a move up to 1963 over the coming weeks

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 has definitely broken 1.3670 support and the downside target is 1.3450.

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:  Googl  has moved above  the two important resistance levels I have been watching at 538 and 555 so I conclude that it is now headed for 620 and higher.

Apple:  AAPL has moved well above my 600-610 target zone. Resistance is at 635 and support now is 560.