Friday, December 31, 2021

Guesstimates on December 31, 2021

March S&P E-mini Futures:  The ES is likely to reach the 5000 level within the next few months.  

QQQ:  Support is at 393. Upside target is 425.

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 at 52,000 failed and 41,000 is next support.

West Texas Crude Oil: Crude has risen past 72 resistance and now is headed for 90.

Gold: The rally back above 1800 is likely to carry to 1960.

Silver:  Apparently 23.00 support has failed once more. No idea where silver is headed next.

Apple: Upside target is 200. Support is 125.

Alibaba: 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: 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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