Guesstimates on September 9, 2024
September S&P E-mini futures: Inflation is coming down and the Fed is unlikely
to tighten any more. A swing up to 6000 is underway.
QQQ: Support is 425. Resistance is 500.
TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway.
Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is
112.
Bitcoin: Support is 56,000. Next upside target is 81,000.
West Texas Crude Oil: Support is now 62-63.
Gold: Next upside target is 2750. Support is 2400.
Apple: Next upside target past 200 is 250. Support is 165.
Amazon: Support now is 145.
Google: Upside target is now 200. Support is 160.
Microsoft: Support is 375 and the next upside target is 500.
Meta: Upside target is now 725. Support is 375.
Netflix: Upside target is 710. Support now is 450.
Nvidia: Upside target 145. Support is 100.
Tesla: Next upside target is 290. Support is 175.
Visa: Upside target at 285 has been reached. Support now is 250.