Thursday, February 24, 2022

Guesstimates on February 24, 2022

March S&P E-mini Futures:  The ES dropped below its January 24 low and will probably hit 4000 before a rally to new highs can begin.

QQQ:  The drop below 334 will probably continue to 300.

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

Euro-US Dollar: Resistance is still at 115.00.

Bitcoin: Resistance above the market is 44,000. Support now is 31,000.

West Texas Crude Oil: Crude is headed for 98-99. Support now is at 80.

Gold: Upside target is 1960-80 has been reached.

Silver:  No idea where silver is headed next.

Apple: Upside target is 200. Support is 125.

Alibaba: Next downside was 110 and the low so far has been 108. This low is likely to hold and the next upside target is 200.

Amazon: Support is 2500. Upside target is 3800.

Facebook:  Downside target at 200 has been reached but did not stop the drop. Next support is 175.

Google: Next upside target is 3300. Support is now 2400.

Netflix: Support now is 350.

Tesla: Support at 900-950 has failed and is now resistance. Downside target is 700.

Twitter: Downside target is 25.

Visa: Upside target is 250. Support still 195.

 

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