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.