Tuesday 31 July 2018

FANG stock index: Fighting for support at cloud level after correction!

FANG stock index: Fighting for support at cloud level after correction!

FANG stocks fighting for support at critical level at the bottom end of the cloud. This comes after a much needed consolidation, with the sell signal generated above the cloud!

Watching the bottom cloud level of 2722 closely to see if the FANG stocks will find support at these levels. If support fails at this critical cloud level, then there is more downside to come!


Tuesday 24 July 2018

FTSE100: Top end of cloud remain a major resistance zone!

FTSE100: Top end of cloud remain a major resistance zone at key levels of 7708/7735!

Front end of the cloud is negative. Index now drifting sideways between cloud chart support and resistance zones! Need to see a breakout to either way to take the next trade!


Xetra Dax: Fighting for support at a key cloud chart level!

Xetra Dax is fighting for support at a key cloud chart level on both the daily and weekly cloud chart. Potential rebound from these levels if support holds.

On the daily chart, looking very closely to see if the 12500 support zone at the bottom end of the cloud will hold. Rebound potential here!

Downside risk remain high if support fails at this key cloud chart level!


Monday 23 July 2018

S&P 500: SPX consolidating towards old high support zone!

S&P 500: SPX consolidating towards old high support zone: 2791! With front cloud support zone as a major support level at 2774!


TQQQ: Consolidating after making new high!

TQQQ: Consolidating after making new high! Consolidation risk towards top end at the front cloud support zone of 62.33, and next key support zone at 60.59!


BTC USD: Bitcoin getting closer to cloud chart resistance zone!

BTC USD: Bitcoin getting closer to cloud chart resistance zone at bottom of cloud level at 8200. Bitcoin rebounded from old support levels around 6400 zones. Need to see a sustained breakout past 8200! Profit taking risk at resistance zone after buy signal at 6400 support zone!