Guesstimates on August 30, 2024

September S&P E-mini futures:  Inflation is coming down and the Fed is unlikely to tighten any more. A swing up to 6000 is underway.

QQQ: Support is 425. Resistance is 500.

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 2750. Support is 2400.

Apple: Next upside target past 200 is 250. Support is 165.

Amazon: Support now is 145. 

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 is 375.

Netflix: Upside target is 710. Support now is 450.

Nvidia: Upside target 145. Support is 100.  

Tesla: Next upside target is 290. Support is 175.

Visa: Upside target at 285 has been reached. Support now is 250.