Wednesday, October 27, 2021

Guesstimates on October 27, 2021

December S&P E-mini Futures:  This swing is likely to reach 4600 and above before a drop of as much as 100 points develops. The Fed’s QE program is still very bullish long term and the Corona Crisis is over. The 2174 low of March 2020 will hold for several years. 

QQQ:  Support at 360 has been regained. Upside target now is 395.

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: Resistance is 117.50 while downside target is 112.50.

Bitcoin: Upside target at 67,00 was reached. Support is 52,00.

West Texas Crude Oil: The 88 level is the upside target.

Gold: Gold has regained support at 1755. Upside target is 1870.  

Silver:  Silver has regained support at 2300. Upside target is 36,00.

Apple: Support is 125.

Alibaba: Resistance is 175 and support at 148 has failed. Next downside target is 110.

Amazon: Upside target at 3700 was reached. Support now is 3000.

Facebook:  FB has broken below 340 support. Next downside target is 295.

Google: Google has reached the 2900 upside target. Support is now 2400.

Netflix: Upside target is 680. Support is 450.

Tesla: The next upside target is 1250 while support is 900-950.

Twitter: Support at 62 has failed. Next downside target is 45.

Visa: Support at 230 failed. If the 216 low is broken then down to 195.

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