Guesstimates on August 5, 2019

September S&P E-mini Futures: The downside target at 2880 has nearly been reached. If the ES establishes itself below that level then a drop to 2670-2730 will become likely. In either case this drop is corrective in nature. 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:  The market is headed for 230-240 during the next 18 months. Support is 188. If this support fails then a drop to 178-80 will follow.
TNX (ten year note yield): The market has dropped below the 1.85% target but I don’t think it will go more than 10 basis points lower.
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 apparently failed. This means that a drop to 100 is underway.
West Texas Crude Oil: 56 is support has failed but 53 is backup support and I expect it to hold. Continuation upward to the 68 level remains likely.
Gold: Support is at 1375. Next upside target is 1475.
Silver: Silver resistance is at 16.50.
Google: The 1250 target has been reached. Support now is 1175. Next upside target is 1350.
Apple: I think that a swing to new bull market highs is underway.
Facebook:  It looks like FB is headed for new bull market highs.
Twitter: TWTR is on its way to its all time high at 74.
Alibaba: BABA is probably headed back to 130 and below.
Visa: Upside target at 183 has been reached. Support is at 170. Next upside target is 200.