Thursday, 1 December 2022

DJ Industrial Index: Rebound rally keeps going with 34624 next key Cloud Chart (CC) resistance target!

 DJ Industrial Index: Rebound rally keeps going with 34624 next key CC resistance target! 

This comes soon after finding support at old CC support zones of 33243/33437 zones!


On the weekly CC key resistance zones  to be tested are at the 34625/35062 and 35391 zones! 

Support zones on the weekly CC are 33804/33297!




S&P500 Futures: Rebound rally keeps going as the S&P500 rebounded from Cloud Chart support zone with next key resistance zone at 4154/4186!

 S&P500 Futures: Rebound rally keeps going as the S&P500 rebounded from the front end Cloud Chart support zone of 3937/3957! Next key resistance zone at 4154/4186! Broke past the 4042 old cloud chart resistance zone. So far so good! 


S&P500 futures Cloud Chart swing trade up by more than  500 points since the rebound from 3548 support zone! 

Monday, 21 November 2022

TSLA: Bear rally accelerating towards next Cloud Chart target of $161! More downside risk to $156!

 TSLA: Bear rally accelerating towards next Cloud Chart target of $161!


This comes soon after hitting the 213/195/181 & 173 downside CC risk targets! TSLA down more than 45% since the CC sell signal! 


Looking out for a potential rebound rally close to the $161 support zone! 

There is a major CC support zone on the monthly CC at $156! This level is a major front CC support zone as well as the standard line of the cloud. Downside risk to this level on the monthly chart! Major rebound potential from the $156 zone! 






Light Crude Oil: Down +14% since the Cloud Chart sell signal! Downside risk $73/$70 old CC support zones!

 Light Crude Oil: Down +14% since the Cloud Chart (CC) sell signal! Downside risk $73/$70 old CC support zones! 

Crude oil down 14% since the CC sell signals on the 4 hour CC. Downside risk towards the next key old CC support zones of 73.9/70.82! 


Price action below the cloud remains bearish. Rebound potential at key CC support zones!

The daily CC identifies the potential support zones from the old January 2022 CC support base!