June S&P E-mini futures: Inflation is coming down and the Fed is unlikely to tighten any more. My long-standing 5400 target has nearly been reached but may well prove too conservative. The 6000 level seems a better bet by the end of the year.
QQQ: Support is now 445. Next resistance is 466.
TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway.
Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is 112.
Bitcoin: Support is at 56,000. Next upside target is 81,000.
West Texas Crude Oil: Upside target is 90. Support is 72.
Gold: Next upside target is 2500. Support is 2250.
Apple: Next upside target past 200 is 250. Support is 165.
Amazon: Upside target at 175 has been reached. Support now is 145 and next upside target is 205.
Google: Upside target is now 200. Support is 160.
Microsoft: Support is 375 and the next upside target is 500.
Meta: Upside target is now 725. Support now is 500.
Netflix: Upside target is 710. Support now is 450.
Nvidia: Upside target now 1450. Support is 1000.
Tesla: Downside target at 144-150 has been reached. Resistance above the market is 200.
Visa: Upside target at 285 has been reached. Support now is 250.
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