Tuesday, August 30, 2022

Guesstimates on August 30, 2022

September S&P E-mini Futures:  The 3638 low ended the drop from the January top at 4808. A swing up to new historical highs is underway.

QQQ:  Support is at 300. The drop from the all time high at 408 ended at the 269 low.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. Support is at 2.70%. Odds now favor a swing up to 4.35%.

Euro-US Dollar: Downside target is 95.00. Resistance still at 108.00.

Bitcoin: Downside target at 19,000 was reached. Resistance is at 26,000.

West Texas Crude Oil: A drop to 75-80 is likely.

Gold: Downside target is 1625. Resistance is 1830.

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

Alibaba: Resistance is 125.

Amazon: Upside target is 175. Support is 125.

Google: Support is 100. Upside target is 150.

Meta:  Support is 150. Resistance is 235.

Netflix: Upside target now 300.

Tesla: TSLA is headed up to 405.

Twitter: Next upside target is 54.

Visa: Upside target is 250.


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