Tuesday, September 27, 2011

Guesstimates on September 27, 2011

December S&P E-mini Futures: It looks like midpoint resistance at 1163 has been broken decisively overnight. This means that the ES is headed for 1252. Today's day session range estimate is 1163-1193. Once the move to 1252 is complete I expect the drop to 950 to resume.

QQQ: Now headed below 50.00.

TYX (thirty year bond yield): The 30 year bond yield is on its way to 5.40%.

TNX (ten year note yield): The 10 year yield is at its historical low but will soon start a move to 4.50%.

Euro-US Dollar: The market is now headed for its next support level in the 1.30-1.31 range.

Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.

November Crude: The market is now headed for 55-60.

GLD – December Gold: Gold bounced off of support at 1550 but should hold resistance at 1670. Next downside target is 1400.

SLV - December Silver: Silver is now headed for 25.00.

Google: I think much bigger drop than I expected is underway. Downside target is 375.

Apple: Upside target is 435. Support is at 345.


mike said...

why stop at 1252?.. if risk trade back on why not higher.. is doomed house pattern still valid or a re-work is in order? doesn't seem to follow market action ..thanks

Win said...

The SPX has retraced more than 61.8% but the RUT is stopping at 50%. I am playing it for a move to 1020. I may change my mind if I see further strength.