June S&P E-mini Futures: Today’s range estimate is 1865-1880. If
support at 1860 fails the ES will head down to 1844. A break below 1844 would
mean that a drop of 100-150 points is underway. Meantime I will stick with my
view that the ES is headed above 1900.
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.
Dollar-Yen: The dollar-yen is headed for 107.00.
June Crude: Crude
spent several days trading mostly above 103 resistance but so far has not spent
much time trading above its last high at 104.48. A close above that 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: Support at 538 has
failed and is now resistance above the market. This makes a drop to 450-475
likely.
Apple: AAPL
has finally entered my 600-610 target zone. I think a drop to 540-550 will be
the next development.
No comments:
Post a Comment