December S&P E-mini Futures: The ES reached the minimum bull market target of 4500 and is now coming down. My best guess is that the drop will end in the vicinity of 4100. Once this reaction is complete a swing to new bull market highs is likely. 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 failed and is now resistance. Downside target is 325.
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 119.50 while downside target is 112.50.
Bitcoin: Upside target now is 67,00. Support is 40,000.
West Texas Crude Oil: Crude has reached 78. Support remains 66. A swing past 78 is likely to continue to 88.
Gold: Support at 1755 has failed. Downside target is 1625.
Silver: Support at 23.00 has failed. The 12.50 level is the downside target.
Apple: Support is 125.
Alibaba: Resistance is 175 and support at 148 has failed. Next downside target is 110.
Amazon: Upside target at 3700 has been 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: 900 is now the upside target.
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.