Wednesday, 28 February 2018

TQQQ: Slow grind higher, top of cloud key support zone!

TQQQ: so far so good, slow grind higher with old highs are key resistance targets. So far the top end of the front cloud indicates a key support zone! Remain long since the rebound from bottom cloud support!

S&P500 Looking for more support in the cloud!

S&P500 looking for more support in the cloud. Would like to price action above the top end of the cloud. Of highs are the new resistance zones! Need to see price action back above the cloud this week!

DJI Dow Jones digging its heels into the cloud!

DJI: Dow Jones 30 index digging its heels into the cloud to find support for the next let up! So far so good. Old highs next key resistance targets.


Xetra Dax: Slow grind towards bottom cloud chart resistance!

Xetra Dax: Slow grind towards bottom cloud chart resistance! Rebounded from old support levels, with bottom of cloud next key resistance target!


FTSE100: Slow grind towards bottom cloud chart resistance!

FTSE100: Slow grind towards bottom end cloud chart resistance zone! Overall outlook remain negative because price action is blow the cloud, and front cloud is still indicating bearish outlook.

Short seller around cloud chart resistance!


Friday, 23 February 2018

FTSE100: Trying hard to rebound from botttom cloud support!

FTSE100: Trying hard to rebound from botttom cloud support! So far support came in at bottom end of the cloud, cloud span B, 7121 zone. Its key that the index remain above this level. If support holds around these levels, the next key resistance is at the top end of the cloud resistance zone!


S&P 500 SPX: Testing front cloud support at 2702!

S&P 500 SPX: Testing front cloud support at 2702! Critical level for a potential rebound here if support comes back in at cloud chart levels!
Going long or going home....

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TQQQ: Closer to rebound zone off cloud support!

TQQQ: Getting closer to rebound zone at cloud support of 155. Should see a good rebound at bottom cloud level, need to see strong support come in at cloud chart support zone!


Dow Jones 30 Index: Digging into the cloud for support!

DJI: Dow Jones Industrial index is fighting for support close to the bottom end of the cloud. Could see a rebound close to the 24698 zone! Need to see support come in at bottom end of cloud. Price action needs be above the cloud to remain in an uptrend.
Critical day ahead!


Tuesday, 20 February 2018

Bitcoin BTCUSD heading towards bottom end cloud chart resistance zone!

Bitcoin BTCUSD heading towards bottom end cloud chart resistance zone!

After rebounding from key cloud chart support zone at 5000/6000 zones, its now getting closer to the bottom end cloud chart resistance zone! Will be interesting to see if it can break past this cloud chart resistance zone at 12500 and the top end cloud resistance 14444!


GBPUSD: Cloud chart sell signal triggered.

GBPUSD: Cloud chart sell signal triggered on daily chart. Could see some more weakness coming into GBPUSD.

USDJPY: Short term rebound taking place from old support levels!

USDJPY: Short term rebound taking place from old support levels!

Rebound potential up to bottom cloud levels!

Short term buy on the four hour chart time frame.


Friday, 16 February 2018

EURUSD: Moving into old high resistance zone!

EURUSD: Moving into old high resistance zone! Key levels to watch for breakout/reversal are 1.25145, 1.25356! Consolidation risk remain high after recent rally!


NZDUSD: Moving into old resistance zone!

NZDUSD: Moving into old resistance zone! Key resistance levels to watch for reversal are: 0.74310/0.75286!

GBPUSD: slow grind higher towards old resistance levels!

GBPUSD: slow grind higher towards old resistance levels of 1.4162/1.42800.

USDJPY: Fighting hard for support at old support zones!

USDJPY: Fighting hard for support at old support zone of 105.58. A key old support zone. Short-term rebound potential from these levels.

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Monday, 12 February 2018

DJI: Dow Jones Index rebound expected from cloud support zone!

DJI: Dow Jones Index rebound expected from cloud support zone!
The Dow 30 index is fighting hard to regain support at a key cloud chart level! Short-term rebound potential from these levels.


Xetra Dax index: fighting for support!

Xetra Dax index: fighting for support in the cloud! Downside risk towards bottom end cloud chart level remain in place! Need to see a rebound back up to top end cloud support zone!


FTSE100 fighting hard for support at bottom end of cloud!

FTSE100 fighting hard for support at bottom end of the weekly cloud chart support zone! Can see a short-term rebound from these support levels! Critical to regain price action above cloud level!


Thursday, 8 February 2018

Bitcoin USD: Rebounded from cloud chart support levels after hitting P&F chart targets!!

Bitcoin USD: Rebounded from cloud chart support levels after hitting two downside point & figure chart targets of 6400, and a few dollars away from 5800, the low was 5920!

We can see how support came back in at old cloud chart support levels of 6565 and close to 5661 cloud chart support zones!

Watching to see if 7505 old support levels will come back into play at these levels!


From a point and figure chart perspective, it hit a few targets 8000, 6400 and almost the 5600, when the market rebounded from 5920!  Made a key P&F chart reversal, and is now back in a short-term uptrend. Watching those P&F chart reversals closely from a downside risk management perspective.


Tuesday, 6 February 2018

S&P 500 Downside risk to bottom cloud support zone:2619!

S&P 500 Downside risk to bottom cloud support zone:2619!

Will be interesting to see if the S&P can manage to find support here at the bottom end of the cloud, its a key support zone! Short-term rebound potential from these levels!


TQQQ Getting close to key cloud chart support zone!

TQQQ Getting close to key cloud chart support zone!
Going to be an interesting day to see if support will come in at the top end of the cloud here for the TQQQ! Rebound potential around these levels!


Dow Jones Industrial Index: Rebounded from cloud support!

Dow Jones Industrial rebounded from 23960 cloud chart support at bottom end of the cloud after a more than 1500 point drop! Will be interesting to see if this level will hold today! Downside risk remain to next support zone of 23581!

Monday, 5 February 2018

Bitcoin USD: Hit 8000 P&F target, next P&F chart target 6400!

Bitcoin USD: Hit the 8000 P&F chart target, next target 6400! A reversal of $600 to the upside from these support levels could signal an end to the current downtrend on a point and figure chart basis!

Watching for those P&F chart reversals at these key target zones!


S&P 500 Index consolidation well underway now!

A much needed consolidation is underway in the S&P 500. Front end cloud levels are the next key support zones! Should see short-term relief rallies from key support levels!

From a short-term trading perspective, the index is down 108 points since the sell signal. Now looking for short-term support to come in at cloud levels of 2771/2746!

Dow Jones 30 Index consolidation well underway!

A much needed price consolidation is underway on the Dow Jones Industrial index. The index is down 630 points since the sell signal on the daily chart.

Now looking for support to be tested at key cloud chart support levels! See chart.

From a short-term trading perspective, the index is down 993 points since the sell signal above the cloud!  Now looking for a short-term support and reversal retracement.

Xetra Dax: At critical old support levels!

Xetra Dax is down about 540 points since the sell signal! Sliced past cloud chart support that is very negative! Now its looking for support at old lows of 12798. There is short-term rebound potential from these levels, but overall its very negative that price action is now below the cloud chart levels!


FTSE 100 at a critical cloud chart level!

FTSE 100 index at a critical cloud chart support level! If support holds here we can see a short-term rebound. If price action goes below the cloud and stays below the cloud, that will change the trend to a bearish outlook.

Need to see a rebound here! Index is down 257 points since the sell signal on the chart.