Monday, 23 May 2022

Nasdaq Composite: Fighting hard to rebound from old cloud chart support zones between: 11154/11423!

Nasdaq Composite: Fighting hard to rebound from old cloud chart support zones between: 11154/11423! If support holds at these ranges then we should get a relief rally.
On the monthly cloud chart there is a key support zone at the front end of the cloud at 11205 zone for a potential rebound!

S&P500 Index: Fighting for a rebound at critical cloud chart support zones between 3838/3890!

S&P500 Index: Fighting for a rebound at critical cloud chart support zones between 3838/3890! If support holds at this rebound zone should get a short relief rally from here with bottom end of the cloud as the next key resistance zones if the rebound rally takes hold!
Since price action is below the cloud and that is bearish from a cloud chart perspective with short-term swing trades possible.

Friday, 20 May 2022

GBPUSD down more than 1100 points (-8%) since the cloud chart sell signal! The Bailey Short strategy works very well!

GBPUSD down more than 1100 points since the cloud chart sell signal on the daily cloud chart! The Bailey Short strategy works very well! GBP hit downside cloud chart support targets of 1.24/1.22 zones and resulted in a 1100 point profit on this cloud chart trade! Short selling central bankers competence works well!
The cloud chart short sell trade on GBPUSD on the weekly cloud chart generated 1666 points (GBP down almost 12%)! The Bailey Short strategy works well even on the weekly cloud charts!

Thursday, 19 May 2022

S&P500 Index Down more than 14% since the cloud chart sell signal! Bear market rally gaining steam!

S&P500 Index down more than 14% since the cloud chart sell signal! Bear market rally gaining steam! Price action is below the bottom end of the weekly cloud and this remains bearish! S&P500 lost support at the front end of the cloud at 3985, with downside risk to 3506 front cloud support zones on the monthly cloud chart!
Downside risk toward next key cloud chart support zones of 3890/3841 to 3805 and 3792! The bears are roaring, the great conspicuous consumption bubble is rapidly deflating!

Nasdaq Composite Index down more than 27% since the cloud chart sell signal! Roaring bear market rally!

Nasdaq Composite Index down more than 27% since the cloud chart sell signal! Roaring bear market rally! IXIC down 27% since the cloud chart sell signal. Down more than 24% since the cloud cross sell signal! Roaring bear market rally! Testing for support at the monthly front cloud chart support zone of 11207 zone and the standard line of the cloud around 11423! Rebound potential if support holds at those levels!