Friday, December 03, 2021

Guesstimates on December 3, 2021

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.


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