December S&P E-mini Futures: Today's day session range estimate is 1242-1259. The trend is upward and a rally from the November 25 low at 1147.50 which matches the size of the October rally would bring the ES to 1370.
QQQ: Now headed for 63.
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 has started a move to 4.50%.
Euro-US Dollar: I suspect that the trend in the Euro is turning upward. A close above 1.3549, last week's high, would convince me of this. In the meantime I am thinking in terms of an upside target of 140.50.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
January Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – December Gold: I think gold is headed for 2100. Short term support is at 1675.
SLV - December Silver: I think silver is headed for 50.00.
Google: Google is now headed for its 2007 top near 750.
Apple: Upside target is now 475.
2 comments:
Things looking like a Gartley 222 pattern here....?
http://3.bp.blogspot.com/-6UatE7v6evM/TuDpAuTmyjI/AAAAAAAABCo/EovhjqZl7PA/s1600/gartley%2B222.TIF
Not shorting the uptrend, but we could see an incredible buy ahead if its a real Gartley.
I think we're dropping to 1215 on the S&P to make an inverse head and shoulders.
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