Tuesday, 25 January 2022

Nasdaq Composite IXIC: A FAT reversal at a cluster of cloud chart support zones! Follow on price action today could signal the start of a new rally!

Nasdaq Composite IXIC: A FAT reversal at a cluster of cloud chart support zones: 13143/13303! Follow on price action today could signal the start of a new rally! But beware outlook still bearish since price action below the cloud! Rebound potential back up to bottom end cloud chart resistance zones!

S&P500: Strong rebound from key cloud chart support zone at 4225!

S&P500: Strong rebound from key cloud chart support zone at 4225! Follow on price action confirmation today could signal that there is a relief rally coming! Very positive candle price action at the cloud chart support zone of 4225!

Monday, 24 January 2022

S&P500 Down more than 10% since the sell signal! Testing key cloud chart support zone at 4225!

S&P500 Down more than 10% since the sell signal! Testing key cloud chart support zone at 4225!

Nasdaq 100 Close to next 13800 point & figure target! NDX down more than 15% since the sell signal!

Nasdaq 100 Close to next 13800 point & figure target! NDX down more than 15% since the P&F sell signal! Not far from P&F trend line support zone!

S&P500 down more than 7% since the P&F chart sell signal! Close to next 4325 downside P&F target!

S&P500 down more than 7% since the P&F chart sell signal! Close to next 4325 downside P&F target! There is another target of 4175, but there is a major P&F trend line support zone that could provide some support! Need to see a 75 point reversal to the upside for the index to resume the Q1 uptrend.

Nasdaq Composite Down more than 12% since the P&F sell signal! Correction hitting downside P&F chart targets!

Nasdaq Composite Down more than 12% since the Point and figure (P&F) sell signal! Correction hitting downside P&F chart targets of 14400/14250 and 13900! Next one is just below the P&F trend line support zone of 13250! Looing out for trend line support test and potential rebound zone at these trend line support zones! A 150 point reversal to the upside can signal the end to the current correction!

Friday, 21 January 2022

Peloton: PTON losing some fat! Down 80% since the Cloud Chart sell signal!

Peloton: PTON Down more than 80% since the cloud chart sell signal! Cloud Charts are a great way to manage risk! Any price action below the cloud remains bearish! Winning with Cloud Charts!