Thursday, January 30, 2025

Guesstimates on January 30, 2025

March S&P E-mini futures: The long standing 6000 target has been reached but an extension to 6500 is likely. It still looks like the 5809 low ended the drop from the early December top. A swing to 6500 is underway.

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 88,000. Next upside target is 125,000.

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 350.

Visa: Upside target is 355. Support is 290.

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