June S&P E-mini Futures: The market has been trading between 875 and 895 for three days. Today I am not going to make a range estimate until I see the market’s action after the open which should be near 890. I plan to follow the first sign of relatively high volume activity, whichever way it takes the e-minis. In any event I am still looking for a move to 952 which should start from a low made this week.
QQQ: Support is now 32.50. Next upside target is 39.90.
June Bonds: A bear market is underway in the bonds. Resistance is at 125-00. Next downside target is 115.
June 10 Year Notes: I think a bear market in the notes is underway. Resistance is at 122-16. Next downside target is 118.
Euro-US Dollar: The euro is headed up to 140.00.
Dollar-Yen: Then yen is headed for the 104.00 level. Support stands at 95.55.
July Crude: Crude has reached resistance in the 59-60 range. A drop to support near 55.00 would be normal. I think the market has a good shot at 64.00.
GLD – June Gold: I think the market is headed below 700. Resistance above the market is now at 945.
SLV - July Silver: Silver is headed for 750. Resistance is at 1450.
Google: Support is at 360. Next upside target is 450.
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