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Guesstimates on November 10, 2022


December S&P E-mini Futures:  Sentiment is still bearish and a rally of 500-700 points from 3502 level is underway. This will probably be only the first leg of a swing up to new highs.

QQQ:  Support is 252. The first upside target is 290.

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 3.95% and next upside target is 4.95%.

Euro-US Dollar: Downside target is 95.00 is near. Resistance still at 108.00.

Bitcoin: Support at 18,000 failed. Down to 12,000. Resistance still 26,000.

West Texas Crude Oil: Support is at 81. Next upside target is 104.

Gold: Downside target at 1625 has been reached. Resistance is 1705 then 1780.

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 at 300 has been reached. Support now is 250.

Tesla: Support is 200. TSLA is headed up to 405.

Visa: Support is 163. Upside target is 250.


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