June S&P E-mini Futures: Sentiment
is still very bearish. This is good reason for thinking the drop from 4800
ended at 3808. The current up swing will carry the ES to new historical highs.
QQQ: Next upside target is 328.
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 at 103.75 has been reached.
Resistance is near 108.00.
Bitcoin: Support at 36,000 failed and is now resistance. Downside
target is 19,000.
West Texas Crude Oil: Resistance at 108 failed and is now support.
Next upside target at 118 has been reached. A swing back to 130 or so is
Gold: 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 support zone failed so downside target is now 550.
Twitter: Resistance is in the 55-60 range. Support is 36.
Visa: Upside target is 250. Support still 195.