Monday, January 24, 2022

Guesstimates on January 24, 2022

March S&P E-mini Futures:  The 4500 level didn’t stop the drop so 4000 is now the downside target.

QQQ:  Support at 350 appears to be failing. Downside target now 334.

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 is support. Resistance is 115.00.

Bitcoin: Downside target is 33,000.

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: Support at 3000 failed and downside target now is 2500.

Facebook:  FB is fell below support at 325. Downside target now 290.

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

Netflix: Support now is 350.

Tesla: Support is 900-950.

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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