Guesstimates on March 18, 2024


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June S&P E-mini futures:  Inflation is coming down and the Fed is
unlikely to tighten any more. I expect to see the ES trade up to 5400 over the
next 3 months.

QQQ: Support is 430. Upside at 450 was
approached within 2 points and is still resistance.

TNX (ten year note yield): The 3.75% level
is support.

Euro-US Dollar: The Euro is likely to drop
to support at 100. Meantime resistance is 112.

Bitcoin: Support is at 50,000. Upside
target at 66,000 has been reached. Next upside target is 81,000.

West Texas Crude Oil: The downside target is
62. Resistance is 81.

Gold: Resistance at 2075 failed. Upside
target now 2250. Support is 2000.

Apple: Next upside target past 200 is 250.
Support is 165.

Amazon: Upside target at 175 has been
reached. Support now is 145 and next upside target is 205. 

Google: Upside target at 150-55 has been
reached. Support is now 125.

Microsoft: Support is 375 and the next
upside target is 500.

Meta:  Upside target is 530. Support
is 310.

Netflix: Upside target is 710. Support now
is 450.

Nvidia: Resistance in 750-800 zone has
failed. Next resistance is 1050. Support is 750.

Tesla: TSLA upside target is 350. Support at
180 has failed so downside target now is 144-150.

Visa: Upside target at 285 has been
reached. Support now is 250.

 

 



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