Guesstimates on September 15, 2016

December S&P E-mini Futures: A drop below the 2100.25 appears imminent. If instead the ES rallies above the overnight high resistance will be encountered in the 2132-34 zone. Looking further ahead I think the ES is on its way back to the Brexit low at 1980.

QQQ:  A drop at least to 108-110 is in the cards before the bull market can resume.

TNX (ten year note yield): I think a substantial advance in yields is underway.

Euro-US Dollar: I still think that the ECB’s QE policy will ultimately drop the Euro below par.

Dollar-Yen: A bear market is underway. Resistance is 104-106. Next downside target is 95.

October Crude: Crude is in a bull market. Support at 40-41. Next upside target is 56-58.

December Gold:  A bull market is underway in gold. Support is now at 1280. Next upside target is 1420.

December Silver: Silver exceeded the 20.00 target by more than a dollar. Next upside target is 25.00. Support now is at 18.00.

Google: Support is 675. Upside target is 880.

Apple:  I still think the bull market in APPL is intact. However should AAPL start spending time below 90 I think continuation down to 70 will become likely.  

Facebook: Support is at 120. Next upside target is 145.

Twitter: The 18-20 zone is an important barrier. If TWTR spend more than 2 days trading above 21 I will conclude that a new bull market has begun.

Alibaba: Support is now at 90 and the next upside target is 103.

Visa: Support is at 70. Upside target is 90-95.