Guesstimates on April 4, 2025

June S&P E-mini futures:  The Trump Tariffs have dropped the ES 10% in three days. High volatility, panic conditions prevail. The next big swing will be upward.

QQQ: Support is 440. Resistance is 495.

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: Next support is 76,000.

West Texas Crude Oil: Support at 62-63 has been reached. Next rally should reach 80.

Gold: Next upside target is 3550. Support is now 2900.

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

Amazon: Upside target is now 250 with support 200. 

Google: Upside target at 200 was reached. Next target is 250. Support is 160.

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

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

Netflix: Upside target at 995 was reached. Next upside target is 1075. Support is 900.

Nvidia: Upside target 175. Support is 100.  

Tesla: Support is 220.

Visa: Upside target at 355 has been reached. Support is 305.

 

 

 

 

Guesstimates on April 3, 2025

June S&P E-mini futures: The ES was again crushed by Trump Tariff news and dropped into the 5400-5500 support zone. The next big swing will be upward.

QQQ: Support is 440. Resistance is 495.

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: Next support is 76,000.

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

Gold: Next upside target is 3550. Support is now 2900.

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

Amazon: Upside target is now 250 with support 200. 

Google: Upside target at 200 was reached. Next target is 250. Support is 160.

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

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

Netflix: Upside target at 995 was reached. Next upside target is 1075. Support is 900.

Nvidia: Upside target 175. Support is 100.  

Tesla: Support is 220.

Visa: Upside target at 355 has been reached. Support is 305.

 

 

 

Guesstimates on April 2, 2025

June S&P E-mini futures: The Support at 5700-20 failed Friday as the ES was crushed by fears of the new tariffs Trump will announce on April 2. Support lies in the 5400-5500 zone where the drop from the February top is now likely to end. Meanwhile a swing visibly above 5700 would be very bullish.

QQQ: Support is 440. Resistance is 495.

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: Next support is 76,000.

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

Gold: Next upside target is 3550. Support is now 2900.

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

Amazon: Upside target is now 250 with support 200. 

Google: Upside target at 200 was reached. Next target is 250. Support is 160.

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

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

Netflix: Upside target at 995 was reached. Next upside target is 1075. Support is 900.

Nvidia: Upside target 175. Support is 100.  

Tesla: Support is 220.

Visa: Upside target at 355 has been reached. Support is 305.