September S&P E-mini Futures: I now think the market will break the June 16 low at 1252.25 and possibly the March 17 low at 1241.25 before it turns higher. Today's day session range estimate is 1257-1277. I expect to see a move above the 1400 level once this bull market correction is complete.
QQQ: Upside target is 63.00.
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 headed for 4.50%.
Euro-US Dollar: I think this market is now headed for 1.5300. Support is at 142.00.
Dollar-Yen: The market is headed down to 70.00. Resistance above the market is at 80.00.
August Crude: A rally to 103-104 likely.
GLD – December Gold: Upside target at 1630 has been reached but there is no sign of a top. Next stop is 1750. Support is at 1520.
SLV - September Silver: Resistance is at 41.00. Any strength above 43.00 would mean that the move will continue above 50.00.
Google: I think a move to 750 and above is underway.
Apple: Upside target is now 415.
