Wednesday, September 15, 2021

Guesstimates on September 15, 2021

 

September S&P E-mini Futures:  The ES has reached the minimum bull market target of 4500. Still higher prices are likely with 4630 the next upside target. The Fed’s QE program is still very bullish long term and the Corona Crisis is over. The 2174 low of March 2020 will hold for several years. 

QQQ:  Upside target at 375 has been reached. Next stop is 395. Support is 360.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. First stop is 2.00%.

Euro-US Dollar: Resistance is 119.50 while downside target is 112.50.

Bitcoin: Upside target now is 67,00. Support is 40,000.

West Texas Crude Oil: Crude has regained support at 66 and is now headed for 78.

Gold: Upside target is 1860 and support is 1755.

Silver:  Support is 23.00. Upside target is 35.00

Apple: The145 level has been reached. Support is 125. Next upside target is 160.

Alibaba: Downside target at 175 has been reached but there is no sign of  a reversal yet. Resistance is 200 and next target is 148.

Amazon: Next upside target at 3700 has been reached. Support now is 3000.

Facebook:  FB has risen above 365 resistance. Next upside target is 400. Support is 340.

Google: Google has reached the 2900 upside target. Support is now 2400.

Netflix: Upside target is 680. Support is 450.

Tesla: 900 is now the upside target.   

Twitter: Next upside target is 84. Support is 62.

Visa: Support is 230. Upside target at 250 has been reached.

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