Thursday, December 19, 2024

Guesstimates on December 19, 2024

March S&P E-mini futures: Inflation has come down and the Fed is lowering rates. The long standing 6000 target was reached but an extension to 6500 is likely. Meantime the 5900 level should be strong support.

QQQ: Support is 504. Resistance is 540.

TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway.

Euro-US Dollar: The Euro is likely to drop to support at 100. Meantime resistance is 112.

Bitcoin: Support is 81,000. Upside target at 100,000 has been reached. Next upside target is 115,000.

West Texas Crude Oil: Support is 62-63. Upside target is 82.

Gold: Support is 2500. Resistance above the market is 2870.

Apple: Next upside target at 250 has been reached. Support is 200.

Amazon: Upside target is now 250 with support 200. 

Google: Upside target is now 200. Support is 160.

Microsoft: Support is 400 and the next upside target is 500.

Meta:  Upside target is now 725. Support is 450.

Netflix: Next upside target is 995. Support is 760.

Nvidia: Upside target 175. Support is 100.  

Tesla: Next upside target is 500. Support is 250.

Visa: Next upside target is 325. Support is 250.

 

 

 

 

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