September S&P E-mini futures: Inflation should come down until the end of the year and the Fed is unlikely to tighten any more. I expect to see the ES trade well above 5000 over the next 12 months.
QQQ: Target at 380 has been reached. Support is now 365. Next upside target is 400.
TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. Support is at 3.40% and next upside target is 4.95%.
Euro-US Dollar: The Euro has reached the 112-113 target zone. Support is 108.
Bitcoin: Bitcoin has put in a strong rally in the face of universally bad news in crypto. This is bullish action and I think the bitcoin bear market is over. Support is 26,000. The trend over the next few months should carry bitcoin at least to 36,000 and maybe to 50,000.
West Texas Crude Oil: Support at 64 has held. Upside target now is 100.
Gold: Gold has moved visibly past 1940. This cancels my bearish outlook and a rally back to 2170-2200 is now likely. Support is 1920.
Apple: Upside target is still 200. Support is 125.
Alibaba: Resistance is 125. Support is 45.
Amazon: Support is 100. Upside target is 125. If market passes 130 then up to 175.
Google: Upside target is 150-55. Support is 90.
Meta: Upside target at 320 has been reached. Support is 250 while next upside target is 375.
Netflix: Next upside target at 450 has been reached. Support now is 350.
Tesla: TSLA has upside target at 350. Support now is 180.
Visa: Support is 163. Upside target is 250.
