Thursday, January 20, 2022

Guesstimates on January 20, 2022

March S&P E-mini Futures:  Getting close to 4500 target. Anything worse than that would mean that a drop to 4000 or so is in progress.

QQQ:  Support at 393 failed. Downside target 350.

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 and is now support. Resistance is 115.00.

Bitcoin: Support at 41,000 has been reached. Next upside target is 76,000.

West Texas Crude Oil: Crude 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 was 110 and the low so far has been 108. This low is likely to hold and the next upside target is 200.

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

Facebook:  FB is holding support at 325. If this continues then a swing up to 400 or so will follow.

Google: Next upside target is 3300. Support is now 2400.

Netflix: Support at 560 failed but support at 505 is likely to hold.

Tesla: Support is 900-950. Next upside target is 1460.

Twitter: Dropped below 40 so downside target is 25.

Visa: Downside target at 195 has been reached. Upside target is 250. Support still 195.


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