December S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. I expect to see the ES trade well above 5000 over the next 8 months.
QQQ: Upside target is 395. Support is 338.
TNX (ten year note yield): Long standing upside target at 4.95% has been reached. Support is now 4.20% while next upside target is 5.40%
Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is 112.
Bitcoin: Support is 26,000. The 36,000 target has been reached. Next stop 50,000.
West Texas Crude Oil: Upside target remains 100. It looks like support at 77 has failed. This makes the downside target 62.
Gold: Upside target at 2070 was reached in the Feb. ’24 contract. Support is now 1980 and next upside target is 2150.
Apple: Upside target at 200 was reached. Support is now 165.
Amazon: Support is 110. Upside target is 175.
Google: Upside target is 150-55. Support is 90.
Meta: Support is 250 while next upside target is 375.
Netflix: Next upside target at 450 has been reached. Support now is 350.
Nvidia: Upside target is 550. Support now is 400.
Tesla: TSLA has upside target at 350. Support now is 180.
Visa: Next upside target is 285. Support is 215.
