Guesstimates on November 12, 2024
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December S&P E-mini futures: Inflation has come down and the Fed is lowering rates. The long standing 6000 target has been reached
but an extension up to 6136 and maybe to 6380 is likely.
QQQ: Support is 488. Resistance is 525.
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 70,000. Next upside target is 100,000.
West Texas Crude Oil: Support is 62-63. Upside target is 82.
Gold: Upside target at 2750 has been reached. Next upside target is 2900. Support
is 2625.
Apple: Next upside target past 200 is 250. Support is 165.
Amazon: Resistance is 225. Support now is
165.
Google: Upside target is now 200. Support is 160.
Microsoft: Support is 375 and the next upside target is 500.
Meta: Upside target is now 725. Support is 450.
Netflix: Upside target is now 810. Support now is 675.
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.
