Guestimates on November 8, 2024


December S&P E-mini futures:  Inflation is coming down and the Fed has started to lower rates.  A swing up to 6000 and above is underway.

QQQ: Support is 488. Resistance is 525.

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 62-63. Upside target is 82.

Gold: Upside target at 2750 has been reached. Next upside target is 2900. Support
is 2625.

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

Amazon: Resistance is 225.  Support now is
165. 

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 450.

Netflix: Upside target is now 810. Support now is 675.

Nvidia: Upside target 175. Support is 100.  

Tesla: Next upside target is 290. Support is 175.

Visa: Next upside target is 325. Support is 250.

 

 

 



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