Nasdaq 100: New high follow-through on an equal weight basis!

Nasdaq 100: New high follow-through on an equal weight basis!

Both the Nasdaq 100 index and the Nasdaq 100  equal weighted index both hit new highs! Front end of the cloud is a key support zone in the current rally!

Expect a short-term consolidation to key support areas. Top end of the cloud remain a key support zone!

Xetra Dax 30: Digging into cloud chart resistance!

Xetra Dax 30: Digging into cloud chart resistance at bottom end of the cloud! Key resistance levels to watch : 12656 top end cloud resistance zone!

FTSE100: Fighting cloud chart resistance zone!

FTSE100: Fighting cloud chart resistance zone at bottom end of the cloud chart level:7638! consolidation risk remain high if resistance holds at this level. Need to see a breakout past cloud chart resistance with the next resistance level after that will be the top end cloud level of 7706!

Front end of the cloud still indicate that a downtrend remain in place!

BTCUSD: Bitcoin: Trading below the cloud, still in a confirmed downtrend!

BTCUSD: Bitcoin: Trading below the cloud, still in a confirmed downtrend!

Price action is still taking place below the cloud chart, and this confirms the negative outlook.

Front end of the cloud has not yet turned positive. 

Bottom cloud chart levels at 6427/7878 are key resistance zones. There are short-term retracement trading opportunities from key support levels back up to the bottom of the cloud, but the overall trend remains down for now. 

Key support zones are 5735/5414!

S&P500 Index: SPX close to major resistance zone:2872!

S&P500 Index: SPX close to major resistance zone:2872!

SPX rallied strongly after finding support at old cloud chart support zones 2573. There was a secondary buy signal at cloud support test of 2643. The index is now close to old high resistance zone of 2872. If resistance holds, index can consolidate back down to 2800/2777 cloud support levels.

Consolidation risk remain high at these elevated levels!

DJI Dow Jones Index: Great rebound from cloud support, but facing resistance:25563

DJI Dow Jones Index: Great rebound from cloud support, but facing resistance at a key 25563 zone.

The index rebounded strongly from the cloud chart support zone at the bottom end of the cloud: 24215! After a 1343 point rally, the index is now at a key resistance level, the old high of 25563!

A breakout past here, could activate the next key resistance zone at 25971! Fail that, downside risk towards the top end cloud chart support zone at 25038, and bottom cloud level of 24844 zones!

Critical week ahead!

Xetra Dax Rebounded from cloud support zone:12186!

Xetra Dax Rebounded from cloud support zone:12186!

If support holds here, we should see short-term upside to the bottom end of the cloud chart resistance zone: 12463/12640. But DAX is not out the woods yet, price action is below the cloud, and this indicates that a downtrend is in place.
Downside risk : 12070!

FTSE100: Rebounded from cloud support!

FTSE100: Rebounded from cloud support at 7509 support zone! Price action still below the cloud which is overall negative. But short term upside potential to the bottom end cloud chart resistance zone at 7650/7705, with 7454/7509 as key support zones for now.

FTSE100: Fighting for support at 7545 cloud chart level.

FTSE100: Fighting for support at 7545 cloud chart level.

FTSE100 failed to hold support at top end of the cloud! It is overall very negative for price action to take place below the cloud chart. Bottom of cloud is now a new resistance zone, with short-term swings up to that level.

For now a key support level is being tested at 7545, with downside risk at 7509!

BITCOIN: BTCUSD Remain locked in a downtrend!

BITCOIN: BTCUSD Remain locked in a downtrend!

Price action is below the cloud, and this is overall bearish. Bottom of the cloud levels are key resistance zones!

Need to see support come in at old cloud chart levels of 5735, with downside risk to 5414!

GBPUSD: Still in trouble after a 900 point drop!

GBPUSD: Still in trouble after a 900 point drop!

GBPUSD yielded more than 900 points since the cloud chart algo sell signal.
So far overall cloud chart trend is still bearish, Looking for a reversal to the upside if support comes in at key cloud chart levels.

USDTRY: Turkish Lira trade up about 80% since the cloud chart cross buy signal!

USDTRY: Turkish Lira trade up about 80% since the cloud chart cross buy signal!
Got to keep watching those Ichimoku Clouds!

FTSE100: Remain range bound between key levels!

FTSE100: Remain range bound between key levels, top end resistance zone at 7792, with support at front end cloud chart level of 7545!

Daily cloud chart: FTSE fighting hard for support at bottom end cloud chart support zone 7618!
Front cloud still indicate potential downside risk if support fails at this level!

Xetra Dax 30 Index: Correction underway, downside support target:12186

Xetra Dax 30 Index: Correction underway, with downside support target:12186.
Currently testing old cloud chart support zone of 12333.

Weekly cloud chart support zone is at 12333. Watching closely if we sill see support come in here for a potential rebound!

Overall price action is below the cloud, which indicates a downtrend is in place.

GBPJPY: Heading towards weekly cloud support zone: 142.72

GBPJPY: Heading towards weekly cloud support zone: 142.72

GBPJPY trending down after hitting cloud chart resistance at 148.52/149.40, the sell zone.

Old support of 144 did not hold, and the next level to watch for support is around the top end of the weekly cloud chart level: 142.72!

GBPUSD: Still locked in a downtrend, target support: 1.2815

GBPUSD: Still locked in a downtrend, target support: 1.2815 on the weekly cloud chart. It is a key cloud chart support zone!

Price action remain below the cloud, that confirms the downtrend.

GBPUSD is downs significantly since the cloud chart sell signal at 1.3902!

NDX Nasdaq100 index getting closer to old high resistance zone!

NDX Nasdaq100 index getting closer to old high resistance zone!

Consolidation risk remain high at these old high levels, as well as expect some seasonal weakness over the August to September months! (Front cloud support at 7283 zone.)
Watching closely or the MACD sell signal at these old high resistance levels.

The NDX equal weighted index is once again getting closer to old high resistance zones of 3846/3828!

The NDXE needs to follow-through , similar to the NDX index, for this market to be in a healthy condition! Downside risk remain high!

Bitcoin BTCUSD: Looking weak after hitting cloud chart resistance!

Bitcoin BTCUSD: Looking weak after hitting cloud chart resistance!

We had a good rally from the 6000 buy zone in BTC until it hit the top end cloud chart resistance at 8210. It is now consolidating, with downside support at old cloud chart support levels.

Downside risk back down to the old support zones of 6427 at bottom end cloud support level!

Price action remain below the cloud, and this is overall bearish!

Dow Jones Index: DJI consolidation risk towards top end cloud support zone!

Dow Jones Index: DJI consolidation risk towards top end cloud support zone!

So far so good, index remains above the cloud chart zone. Downside consolidation risk remain in place towards the top end cloud support zone: 25115/25038!

Price action is above the cloud , uptrend remain in place as long as the Dow trades above the top end of the cloud!

FTSE100: Heading to cloud chart support zone!

FTSE100: Heading to cloud chart support zone!

Fighting for support at top end of the cloud chart support zone! If support holds should see a rebound here, if not, then a drop to next key support level at bottom end of the cloud is possible.

Watching the 4Hour cloud chart closely for a short-term rebound trade!

Xetra Dax: Heading to next support zone at top end of the cloud chart!

Xetra Dax: Heading to next support zone at top end of the cloud chart at critical support zone: 12656/12640!

Rebound potential if support comes in at the top end cloud chart support zone!

Dax is already fighting for support at the top end of the 4H cloud! Looking for a short term rebound if support comes in at the top end cloud support zone!

FTSE 100: Back above the cloud, but need to find support!

FTSE 100: Back above the cloud, but need to find support!

FTSE 100 managed to break past cloud chart resistance, but did not get past old resistance zone of 7792! Currently consolidating and in the process of testing top end cloud level for support.
Looking at the price action to see if support will come in at 7680/7708 zones!
Index is up 150 points since a MACD buy signal and a rebound from cloud support at bottom end of the cloud!

Critical week ahead!

Xetra Dax: Back above the cloud after a 328 point rally!

Xetra Dax: Fighting for support at top end of the cloud!

The DAX is back above the cloud, need to see support come in at the top end of the cloud here.
The index has rallied 328 points since the buy signal at cloud chart support zone of 12465!

Now looking at profit taking around upside resistance zone 19911.

Downside risk at top end cloud support zone of 12656!