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Wednesday, 09/09/2020 11:20:12 AM

Wednesday, September 09, 2020 11:20:12 AM

Post# of 5505
Carl Futia's View:

September S&P E-mini Futures: The drop from the 3587 has so far carried the ES down 292 points but I don’t think it is over. A still bigger drop to the vicinity of 3000 is likely. Even so, this is still a bull market. The Fed’s QE program is very bullish long term and the Corona Crisis has passed its peak. There will be no more shutdowns. The 2174 low will hold for several years and the ES is likely to trade well above 4000 by the end of 2021.

QQQ: The 300 target has been reached. Support is 269 while next upside target is 325.

TNX (ten year note yield): There is a good chance that the 0.40% level was the low yield of this nearly 40 year decline in bond yields and that yields will soon start a long march into higher ground.

http://carlfutia.blogspot.com/

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