March S&P E-mini Futures: I think today will be a bullish day in the e-minis and I want to get long near the open. Support stands at 825.
QQQ: Support below the market is at 26.50. Strength above 30.00 will mean that the Q’s are headed for 34.00.
March Bonds: This market will probably continue lower to 126-127.
March 10 Year Notes: The short term trend should carry the notes to 120. .
Euro-US Dollar: The euro will probably continue down to 127.
Dollar-Yen: I think the 87.50 level will hold and that a rally to 100.00 is underway.
March Crude: The 50.00 level is resistance and I think March crude will also drop down into the 30-35 zone.
GLD - February Gold: The market will probably reach 935 before it turns lower. I still think that we shall see the market resume its move down into the 550-600 range.
SLV - March Silver: I still think this is a bear market. Resistance above the market is now at 1250. Next downside target is 650.
Google: Google has reached the 250-60 target zone which should be the end of its drop from 747.
2 comments:
I agree with all your forecasts except eur usd.
Rising stocks will be bullish for eur jpy so expecting 1.45 before a move down later.
I think we are in an extensive trading range, and a high to 8400 on the dow is still possible tomorrow, but market is going lower. Waiting to short after fed's meeting
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