Guesstimates on March 18, 2016

June S&P E-mini Futures: A drop of between 35 and 57 points is probably underway. First support zone is 1992-95. After this correction is complete the ES will resume its rally to and above last year’s high.

QQQ:  The Q’s are headed for 112 and eventually to 120. Support now is at 101.

TNX (ten year note yield): We probably have seen the low 10 year yield for the year. I think that the 10 year yield will reach 3.00% during the next 12 months.  

Euro-US Dollar: The market is headed lower. Downside target is 0.96 over the coming months.

Dollar-Yen: Support at 116 has failed. It looks like a new bear market has started. Next downside target is 108.

May Crude: The 41-42 resistance level in May crude has been reached. I think the next big move will be downward to 24 or so. If I am wrong about this then the next upside target is 48-50.

April Gold:  A new bull market has begun in gold. The next upside target is 1315.

May Silver: I think the bear market in silver is over. Resistance is at 16.25.

Google: Support is 675.

Apple:  APPL has probably made its low near 92 and is now headed for 134 and possibly higher.

Facebook: Resistance is now 120. Support is 95.

Twitter: Twitter should drop to 10.

Alibaba: Now headed back to 86.

Visa: Support is at 70.