Monday, December 16, 2024

Guesstimates on December 16, 2024

March S&P E-mini futures: Inflation has come down and the Fed is lowering rates. The long standing 6000 target was reached but an extension to 6500 is likely.

QQQ: Support is 488. Resistance is 540.

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 81,000. Upside target at 100,000 has been reached. Next upside target is 115,000.

West Texas Crude Oil: Support is 62-63. Upside target is 82.

Gold: Support is 2500. Resistance above the market is 2870.

Apple: Next upside target at 250 has been reached. Support is 200.

Amazon: Upside target is now 250 with support 200. 

Google: Upside target is now 200. Support is 160.

Microsoft: Support is 400 and the next upside target is 500.

Meta:  Upside target is now 725. Support is 450.

Netflix: Next upside target is 995. Support is 760.

Nvidia: Upside target 175. Support is 100.  

Tesla: Next upside target is 500. Support is 250.

Visa: Next upside target is 325. Support is 250.

 

 

 

 

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