Spiders - June S&P E-mini Futures: The market should drop to 1340 and then start a move into the 1430-40 range.
QQQ: A rally to 47.50 is underway.
TLT - June Bonds: Resistance is still at 120-20 and I think the bonds are on the way down to 112. I think TLT will drop to 88.
June 10 Year Notes: Resistance is at 120-00. I think the notes are on the way down to 112.
Euro-US Dollar: I still think the euro is heading for 149.00.
Dollar-Yen: It now looks like the low at 95.76 will hold. Next upside target is104.00. Support is at 99.00. T
XLE - OIH - USO – May Crude: Crude got close to the 112.50 level yesterday but I think that level will prove to be strong resistance. The next significant development should be a drop into the $85-90 range.
GLD - June Gold: The market should be headed for the 750-80 range. Resistance is still at 940.
SLV - May Silver: It looks like the silver is headed for 15.50 or so. Resistance is at 1840.
Google: Google still has support at 420 and I think a big move upward is underway. Next short term upside target is 515.
Great blog ... the ES might actually go as low as 1333 ... using pivot points (daily) or the monthly actually indicates 1314.
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