Guesstimates on May 13, 2022

June S&P E-mini Futures:  The rally from the 3855 low is the first sign that a bigger swing up is underway. Sentiment is very bearish. Once a low is established the subsequent up swing will carry the ES to new historical highs.

QQQ:  Support is 284.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. Support is at 2.00%. Odds favor a swing up to at least 3.75% during the next few months.

Euro-US Dollar: Downside target is 103.75

Bitcoin: Support at 36,000 failed. Downside target is 19,000.

West Texas Crude Oil: Support is 93. Resistance is 108.

Gold: Support at 1900 has failed after another failed attempt to push past 2100. The picture is looking increasingly bearish longer term. Support now is 1790.

Apple: Upside target is still 200. Support is 125.

Alibaba: BABA reached 75 support. Resistance is 125.

Amazon: Support is 2150.

Facebook:  Support is 180. Resistance is 235.

Google: Support is 2100.

Netflix: Downside target is now 160 and 275 is resistance.

Tesla: The 680-720 zone is now support. If it fails then down to 550.

Twitter: Resistance is in the 55-60 range. Support is 42.  

Visa: Upside target is 250. Support still 195.


Source link

Leave a Reply

Your email address will not be published.

fifty six  ⁄  seven  =