S&P 500 Spyder ETF and Sector ETFS Point and figure charts market review.
A look at point and figure chart analysis, with P&F chart targets given.
Presenter: Richard Muller
G10FX Point and Figure chart market analysis.
Point and figure chart analysis with the P&F chart targets given on each chart for the G10 FX pairs. Presented by Richard Muller
GBPUSD Cloud and Point&Figure price targets.
Here is a look at the GBP from a multi time frame cloud chart analysis, and point and figure charts together with the targets for the daily and 4H P&F charts.
Here is this weeks SPYDR ETF chart book of the S&P 500 and sector ETF's.
Strong ETFS are consolidating recent rallies back down to key FIB levels. Few MACD sell signals, but front end of the clouds are key early warning signals of trend changes to monitor.
This weeks G10 FX pairs cloud chart price action review.
Looking at key levels of support and resistance , and where the next trading opportunities are in the G10 countries FX pairs. Presenter: Richard Muller
The XLF spyder ETF performed very well over the last few weeks. After the cloud chart buy signal, it is up 21.67%. Now I do expect some form a consolidation of recent moves. Consolidation possible towards the 23% Fib level.
The XLFS financials etf is looking rather ripe for a consolidation at these levels after a 12.8 % rally since the cloud chart buy signal. Time to take some profits off the table, and then revisit a retracement trade with profit target into January. I expect a retracement back to the 38% fib level, and will be looking very closely as to what the MACD will be telling us of the duration of this current rally.
Weekly Cloud Chart Market Analysis Week: 8th December 2016.
Big picture market review using cloud charts.:
S&P 500
Nasdaq Comp
Nasdaq 100
Dow Jones
FTSE 100 Index
DAX 30 Index
STOXX 600 Index
Presented by R Muller.
Critical week ahead, as S&P 500 is consolidating recent gains, and now in its way to test the 2175/2154 levels for support. A much needed consolidation at old highs is now underway, and this can present new opportunities going into the year end.
FTSE 100: Looking out for a rebound from key cloud support.
Old cloud chart support levels of 6793/6597 is a key support zone, that could come into holding the floor for the next level up into the year end. I am watching these levels closely for a rebound this week!