Wednesday, July 13, 2022

Guesstimates on July 13, 2022

September S&P E-mini Futures:  The still prevalent bearish sentiment makes it likely that the 3638 low ended the drop from the January top at 4808. A swing up to new historical highs is underway.

QQQ:  Next upside target is 305. The drop from the all time high at 408 probably ended at the 269 low.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. Support is at 2.00%. Odds favor a swing up to at least 3.75% during the next few months.

Euro-US Dollar: Downside target is 95.00. Resistance still at 108.00.

Bitcoin: Downside target at 19,000 was reached. Resistance is at 26,000.

West Texas Crude Oil: The 94 target has nearly been reached. Resistance is now 108. underway.

Gold: Downside target is 1625.

Apple: Upside target is still 200. Support is 125.

Alibaba: BABA reached 75 support. Resistance is 125.

Amazon: Support is 100.

Google: Support is 2100.

Meta:  Support is 160. Resistance is 235.

Netflix: Downside target is now 160 and 275 is resistance.

Tesla: Downside target is now 550.

Twitter: Support at 36 has failed. Next downside target is 20.  

Visa: Upside target is 250.

 

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