Guesstimates on May 31, 2019

June S&P E-mini Futures: So far the ES has dropped 207 points from its top at 2961. While the market is consequently in the upper edge of the target zone defined by a drop of 200-300 points I think continuation down to support in the 2700-15 zone is likely. Looking further ahead the Lindsay basic advance which started from the December low is likely to last two years and carry the ES to 3500 or so.
QQQ:  Support is at 175 and then 167. The market is headed for 230-240 during the next 18 months.
TNX (ten year note yield): Support at the 2.30% yield level has failed. A drop to 1.85% is probably in the cards.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: Upside target is 112.50. The Dollar-yen is headed above 115.
West Texas Crude Oil: Support at 59 has failed. Next support is at 53-54.
Gold: Gold is headed down to 1250-60 and a bigger drop to 1170 is at least an even bet. Meantime resistance is at 1315.
Silver: Silver resistance is at 16.50.
Google: 1120 support appears to be failing. If it does then a drop back to 980 becomes likely.
Apple:  Support is at 180. AAPL is headed for new bull market highs.
Facebook:  Support is at 165. FB is headed for new bull market highs.
Twitter: Support is now 31. TWTR is on its way to its all time high at 74.
Alibaba: Support at 165 has failed. BABA is probably headed back to 130 and below.
Visa: V has reached the 160-65 target zone. Support is now at 150.

Guesstimates on May 30, 2019

June S&P E-mini Futures: The ES is likely to drop 200-300 points from the 2961 top. Looking further ahead the Lindsay basic advance which started from the December low is likely to last two years and carry the ES to 3500 or so.
QQQ:  Support is at 175 and then 167. The market is headed for 230-240 during the next 18 months.
TNX (ten year note yield): Support at the 2.30% yield level is starting to look shaky. A further drop to 1.85% is probably in the cards.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: Upside target is 112.50. The Dollar-yen is headed above 115.
West Texas Crude Oil: Support at 59 has failed. Next support is at 53-54.
Gold: Gold is headed down to 1250-60 and a bigger drop to 1170 is at least an even bet.
Silver: Silver resistance is at 16.50.
Google: 1120 is now support. If it fails then a drop back to 980 becomes likely.
Apple:  Support is at 180. AAPL is headed for new bull market highs.
Facebook:  Support is at 165. FB is headed for new bull market highs.
Twitter: Support is now 31. TWTR is on its way to its all time high at 74.
Alibaba: Support at 165 has failed. BABA is probably headed back to 130 and below.
Visa: V has reached the 160-65 target zone. Support is now at 150.

Guesstimates on May 29, 2019

June S&P E-mini Futures: The ES is likely to drop 200-300 points from the 2961 top. Looking further ahead the Lindsay basic advance which started from the December low is likely to last two years and carry the ES to 3500 or so.
QQQ:  Support is at 175 and then 167. The market is headed for 230-240 during the next 18 months.
TNX (ten year note yield): Support at the 2.30% yield level is starting to look shaky. A further drop to 1.85% is probably in the cards.
Euro-US Dollar: Resistance above the market is 115.50. The longer term picture is bearish.
Dollar-Yen: Upside target is 112.50. The Dollar-yen is headed above 115.
West Texas Crude Oil: Support at 59 has failed. Next support is at 53-54.
Gold: Gold is headed down to 1250-60 and a bigger drop to 1170 is at least an even bet.
Silver: Silver resistance is at 16.50.
Google: 1120 is now support. If it fails then a drop back to 980 becomes likely.
Apple:  Support is at 180. AAPL is headed for new bull market highs.
Facebook:  Support is at 165. FB is headed for new bull market highs.
Twitter: Support is now 31. TWTR is on its way to its all time high at 74.
Alibaba: Support at 165 has failed. BABA is probably headed back to 130 and below.
Visa: V has reached the 160-65 target zone. Support is now at 150.