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 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!
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 (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!
