Thursday, March 24, 2022

Guesstimates on March 24, 2022

June S&P E-mini Futures:  The drop from the January 4 top ended at the February 24 low. New all-time highs lie ahead.  

QQQ:  Next resistance above the market is at 378.  Support is 342.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. First stop is 2.00% which has now been reached. Next stop is the 2.50% level.

Euro-US Dollar: Support is 107.80. Resistance is 111.75.

Bitcoin: Resistance above the market is 44,000. Support is 31,000.

West Texas Crude Oil: Resistance at 112 has failed. Next upside target is 125.

Gold: Support at 1960 failed and a drop to 1840 is underway.

Silver:  No idea where silver is headed next.

Apple: Upside target is still 200. Support is 125.

Alibaba: BABA reached 75 support. Resistance is 125.

Amazon: Support is 2500. Upside target is 3800.

Facebook:  Support was not reached, a bullish indication. Resistance is 235.

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

Netflix: Support now is 350.

Tesla: Downside target at 700 was reached. A big upswing above 1000 has begun.

Twitter: Downside target is 25.

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