June S&P E-mini Futures: Today’s range estimate is 1854-1873. If support at 1860 does fail as I now expect the ES will head down to 1844. A break below 1844 would mean that a drop of 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: 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 now resistance above the market. A drop to 450-475 likely.
Apple: AAPL entered my 600-610 target zone. I think a drop to 540-550 is now underway.