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Guesstimates on October 6, 2022


December S&P E-mini Futures:  The Dec futures has dropped as low as 3575. Sentiment is very bearish and a rally of 500 points or so is now underway. This is probably only the first leg of a swing up to new highs.

QQQ:  Support is 269-70. A big rally is underway.

TNX (ten year note yield): Yields are in the early stages of a long march to higher ground. Support is at 2.70%. Odds favor a swing up to 4.35% and later up to 4.95%.

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

Bitcoin: Downside target at 19,000 was reached. Resistance is at 26,000.

West Texas Crude Oil: Support is at 72-76 and crude is likely to rally to 95.

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.

Amazon: Upside target is 175. Support is 125.

Google: Support is 100. Upside target is 150.

Meta:  Support at 150 failed. Next support is 126.

Netflix: Upside target now 300.

Tesla: TSLA is headed up to 405.

Visa: Upside target is 250.



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