Friday, March 18, 2022

Guesstimates on March 18, 2022

June S&P E-mini Futures:  The ES is likely to drop to 4000 before beginning a rally to new highs.

QQQ:  Resistance at 334 failed and next stop is 350.  

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. Next stop is the 2.50% level.

Euro-US Dollar: Support is 107.80. Resistance is 111.75.

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

West Texas Crude Oil: Support at 103 failed and this makes a swing as high as 147 unlikely. The 94 level is support and from there a rally as high as 112 would be the most one can expect on the upside.

Gold: Support at 1960 failed and a drop to 1840 is underway.

Silver:  No idea where silver is headed next.

Apple: Upside target is 200. Support is 125.

Alibaba: BABA is headed for 75.

Amazon: Support is 2500. Upside target is 3800.

Facebook:  Support is now at 175.

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

Netflix: Support now is 350.

Tesla: Downside target at 700 was reached. A big upswing above 1000 has begun.

Twitter: Downside target is 25.

Visa: Upside target is 250. Support still 195.

 

No comments: