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.