June S&P E-mini Futures: Today's day session range estimate is 1350-1364. The ES has spent the European session this morning entirely below 1370 so I now think the market is headed for the 1320-1330 range. Once a low is established there the ES should rally well above it 1419.75 high.
QQQ: Downside target is 63.50.
TNX (ten year note yield): The 10 year yield has drifted back into its recent multi-month trading range but I think support at 1.95% will hold. I still think that the 10 year yield has started a move to 3.00%.
Euro-US Dollar: The Euro has rejected the 1.3300 resistance level. The market is headed for 1.2600.
Dollar-Yen: Support is at 81.00. As long as the yen doesn't spend more than a day or two below that level I will stick with my view that it is headed up to 90.00
June Crude: An extended upswing is underway. It will probably take crude to 114 or so.
GLD – June Gold: Gold will probably drop to 1585. A move to 2100 is underway.
SLV - May Silver: I think silver is headed for 50.00. The 31.50 level is now support.
Google: Google is now headed for its 2007 top near 750. Support is at 590.
Apple: A has broken 575 support and is now headed for 550. I don't think the AAPL bull market is over and expect to see AAPL move above 644 once this reaction is complete.