Friday, May 09, 2025

Guesstimates on May 9, 2025

June S&P E-mini futures: The ES has reached the 5700-50 target zone. From this zone a drop of 300-400 points is likely.

QQQ: Support is 432. Resistance is 500.

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

Euro-US Dollar: The 112 level is support. Upside target is 120.

Bitcoin: Resistance is 108,000. Support is 82,000.

West Texas Crude Oil: Support at 62-63 failed and is now resistance. Downside target is 49.

Gold: Upside target at 3550 was nearly reached on the rally to 3509. Support is 3250.

Apple: Next upside target at 250 has been reached. Support is 170.

Amazon: Upside target is now 250 with support 150. 

Google: Upside target at 200 was reached. Next target is 250. Support is 135.

Microsoft: Support is 350 and the next upside target is 500.

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

Netflix: Next upside target is 1250. Support is 950.

Nvidia: Upside target 175. Support is 100.  

Tesla: Support is 220.

Visa: Upside target at 355 has been reached. Support is 305.

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