June S&P E-mini Futures: I think today’s range will be 865-885. I think the e-minis will drop into the 855-65 zone this week. From there a rally to 952 should begin.
QQQ: Support is 32.50. Once the reaction is over the next upside target will be 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 has reached the 140.00 target but as yet there is no sign of a top. Support is at 135.50 and I think the market will continue upward to 144.00.
Dollar-Yen: The yen will probably drop to 91.50 and then begin a move up to 105.00.
July Crude: Current upside target for crude is 64.00. Support stands at 57.00.
GLD – June Gold: The market is headed for new highs near the 1050 level.
SLV - July Silver: Silver moved above 1450 resistance and is now headed higher to 1700.
Google: Support is at 360. Next upside target is 450.
1 comment:
Hi Carl,
My market model tells me that a close today below 879.10 will confirm a top.
Thanks...
Kindest regards,
PM
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