Guesstimates on August 14, 2019

September S&P E-mini Futures: It looks like yesterday’s huge, one hour rally was a flash in the pan. The market is headed down to support in the 2860-67 zone. If this support fails then a drop into the 2670-2730 zone is probably underway. Nonetheless, the Lindsay basic advance which started from the December low remains intact and is likely to last two years and carry the ES to 3500 or so.
QQQ: Support is 178-80 failed briefly but the quick snap back means the Q’s will reach 198-202 resistance in a few weeks. The market is headed for 230-240 during the next 18 months.
TNX (ten year note yield): The 1.60% level is support.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: The Dollar-Yen support at 108.00 has failed. This means that a drop to 100 is underway.
West Texas Crude Oil: Resistance is 57. As long as it holds crude is likely to drop first to 45 and then to 34.  
Gold: Support is near 1460. Next upside target 1600-20.
Silver: Silver resistance is at 16.50.
Google: Support now is 1120. Next upside target is 1350.
Apple: The 207 level is resistance. A drop to 180-84 is underway. But a rally above 207 will mean that AAPL is headed for 250.
Facebook:  Support is at 166 and resistance is 198.
Twitter: TWTR is on its way to its all time high at 74.
Alibaba: BABA is probably headed back to 130 and below.
Visa: Support at 160-62 was not reached. V is now headed for 200.