Thursday, December 15, 2022

Guesstimates on December 15, 2022

December S&P E-mini Futures:  So far the ES has rallied 700 points from its October low. This will probably be only the first leg of a swing up to new highs.

QQQ:  Support is now 275. Next upside target is 305.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. The 4.35% target has been reached. Support now is at 3.40% and next upside target is 4.95%.

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

Bitcoin: Now headed down to 12,000. Resistance still 26,000.

West Texas Crude Oil: Support is at 72. Next upside target is 104.

Gold: Resistance at 1780 failed and is now support. A swing up into the 1950-2000 range is now likely.

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

Alibaba: Resistance is 125. Support is 45.

Amazon: Support at 105 failed. Next support is 87.

Google: Support at 100 failed. Next support is 88.

Meta:  Support at 126 failed. Next support is 90.

Netflix: Upside target is now 375.

Tesla: Support at 200 failed. A drop to 150 is likely.

Visa: Support is 163. Upside target is 250.


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