June S&P E-mini Futures: Today's range estimate is 1155 - 1166. The market is still stuck in a 20 point trading range but I think a strong move upward will begin soon. The ES should reach 1200 in April on its way to 1225 or so.
QQQ: A rally to 50.00 and higher is underway.
TYX (thirty year bond yield): I think this market is headed for 5.40%.
TNX (ten year note yield): I think that the market has begun a swing up to 4.50%.
Euro-US Dollar: Support is near 131.00. Resistance above the market is at 141.00. Looking further ahead I think that a drop to 125 is likely over the coming months.
Dollar-Yen: A rally to 100.00 is underway. Support is at 90.00.
May Crude: I think the market is headed for 50.00. Resistance is in the 81-83 range.
GLD – April Gold: The longer term trend has turned downward. I expect gold to drop to 875 over the next few months.
SLV - May Silver: I now think silver has started a down move that will carry it to 10.00 over the next few months. Resistance above the market is now 18.30.
Google: A move that should take GOOG above 700 is underway.
1 comment:
Hi, how did you get the SLV target for May at $10? Thank you.
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