March S&P E-mini Futures: A drop of 10% or so is probably underway. But the Fed’s QE program is very bullish long term and the Corona Crisis has passed its peak. The 2174 low last March will hold for several years and the ES is likely to trade up to or past 4500 by the end of 2021.
QQQ: Support at 324 failed. Next support is 305.
TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. First stop is 2.00%.
Euro-US Dollar: A swing up to 125.00 is likely.
Dollar-Yen: Still confined within a 101-115 trading range.
Bitcoin: A drop close to 40,000 support is likely before the next upside target at 72-75,000 is reached.
West Texas Crude Oil: Upside target at 62 has been reached. Support is 53.
Gold: Support at 1800 is being threatened once more. Multiple closes below 1750 would be very bearish. Otherwise new bull market highs above 2070 lie ahead.
Silver: Support is 21.00. Upside target is 35.00
Apple: The 145 upside target has been reached. Support at 125 is looking wobbly. Next support below there is 105.
Alibaba: BABA resistance at 252 failed but there is a secondary level at 275 which will probably hold. A drop to 175 lies ahead.
Amazon: Next upside target is 3700. Support is now 2850.
Facebook: Next upside target is 325. Support is 235.
Google: The 1800 level is support. Next upside target is 2150.
Netflix: Upside target is 680. Support is 450.
Tesla: Support at 725 failed. A drop to 550 is probably underway.
Twitter: Upside target 75 has been reached. Support is now 55. A swing to 80 and above will probably continue to 105.
Visa: Upside target is 240. Support is at 175-180.