Guesstimates on March 21, 2024
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 56,000. Next upside
target is 81,000.
West Texas Crude Oil: Resistance at 81
appears to be failing. Upside target is now 90.
Gold: Upside target is 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.
