December S&P E-mini Futures: A drop of 10-15% is probably underway. But new all time highs are still likely over the coming months. Even a tapered Fed QE program is very bullish and the Corona Crisis is over. The 2174 low of March 2020 will hold for several years.
QQQ: Support is at 380. Next upside target is 415.
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: Downside target at 112.50 has been reached. Resistance is 115.00.
Bitcoin: Next upside target is 76,000. Support is 52,00.
West Texas Crude Oil: 60 is now the downside target.
Gold: Upside target at 1870 has been reached. Support at 1800 is appears to have failed so the next support is at 1750. Next upside target is 1960.
Silver: Silver has regained support at 23.00. 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: Next upside target is 3300. Support is now 2400.
Netflix: Upside target at 680 has been reached. Support is 560.
Tesla: The upside target at 1250 has been reached. Support is 900-950. Next upside target is 1460.
Twitter: Downside target at 45 has been reached.
Visa: Downside target at 195 has been reached.