Monday 30 December 2019

FTSE100: Santa rally in full swing, but beware profit taking in the new year!

FTSE100: Santa rally in full swing, but beware profit taking in the new year!



FTSE100 close to old resistance zones!

Xetra Dax 30 Index: Consolidating after a strong Q4 rally!

Xetra Dax 30 Index: Consolidating after a strong Q4 rally!



Beware profit taking in the new year !

NDX 100: Santa rally in full swing! But beware the new year profit taking!

NDX 100: Santa rally in full swing! But beware the new year profit taking!


Its been a  great seasonal trade but index moving into profit taking zone! Beware the correction!

S&P500 Santa rally in full swing! Beware the correction in the new year!

S&P500 Santa rally in full swing! Beware the correction in the new year!



Index moving into profit taking zone post xmas rally!


Tuesday 17 December 2019

Santa Rally in full swing into the year end: DJI, S&P500 & NDX

Santa Rally in full swing into the year end: DJI, S&P500 & NDX

But beware the ultimate hangover coming after this party is over!




Friday 6 December 2019

NDX 100 in profit taking zone!

NDX in profit taking zone! Been a strong rally over last few weeks, but now consolidation risk remain high at these levels!


DJI index in profit taking zone!

DJI  in profit taking zone! Been a strong rally over last few weeks, but now consolidation risk remain high at these levels!


S&P500 in profit taking zone!

S&P500 in profit taking zone! Been a strong rally over last few weeks, but now consolidation risk remain high at these levels!


Monday 2 December 2019

DJI , S&P500 and NDX Signal updates!


Markets had a strong rally and now in profit taking zone. Consolidation risk remain high at these levels!

QQQ: Ripe for a consolidation of recent rally!

QQQ: Ripe for a consolidation of recent rally!


Front end of the cloud key support level of 201/199 for support test.

DJI: Ripe for a consolidation after this strong rally!

DJI: Ripe for a consolidation after this strong rally! Front cloud chart level of 27685 is a key support zone in this rally!


Monday 25 November 2019

Bitcoin: BTCUSD still trending down, with next support target at 6125!

Bitcoin: BTCUSD still trending down, with next support target at 6125!
BTC is down more than 26% since the most recent sell signal!





Price action is below the cloud on the daily chart, and this is overall still bearish!

Thursday 21 November 2019

DJI: Taking profits off the table after a strong rally!

DJI: Taking profits off the table after a strong 1000+ point  rally!

Market due for a consolidation at these elevated levels!


Xetra Dax in profit taking zone!

Xetra Dax in profit taking zone!
Taking profits off the table after a lovely little rally over the past few weeks.


Monday 11 November 2019

Xertra Dax: Consolidation risk remain high after a 10% rally!

Xertra Dax: Consolidation risk remain high after a 10% rally rebounding from cloud chart support zone!

Key support levels to be tested at 12824/12656!





NDX NASDAQ 100: Consolidation risk remain high at these levels!

NDX NASDAQ 100: Consolidation risk remain high at these levels!

Index is up more than 7% (567+ points) since the rebound from cloud chart support zone!

Now the old high of 8027 is expected to be the next key support zone to be tested!
Consolidation risk remain high here after the recent breakout!




Tuesday 5 November 2019

QQQ: Up by 10% since the cloud chart rebound!

QQQ: Up by 10% since the cloud chart rebound!

So far so good! QQQ up by 10% since rebounding from old cloud chart support at bottom end of the cloud chart support zone! Taking some profit off the table here!

The QQQ managed to break past old resistance highs!

FTSE100: Fighting cloud chart resistance at top end cloud resistance zone:7374!

FTSE100: Fighting cloud chart resistance at top end cloud resistance zone:7374!

Need to see a breakout here on big volume past this zone, if not, then going short there if resistance hold. Critical week ahead for a breakout!


Xetra Dax:Up by more than 9% since cloud chart rebound!

Xetra Dax:Up by more than 9% since cloud chart rebound!

Taking some profit off the table since the 1166 point rally from the cloud chart support zone at 11970!


Wednesday 30 October 2019

QQQ: in profit taking zone for now! Now need to see a follow-through!

QQQ: in profit taking zone for now after an 8% rally.

Took some profits off the table as the QQQ hit a new high at 197.83! The QQQ had a great rebound from old cloud chart support at 182.42 support zone! So far so good!

Now need to see a follow-through at this new high since its broken out of a double bottom base!
Critical week ahead!


Monday 28 October 2019

BTCUSD: Bitcoin rebounded aggressively from key support zone!

BTCUSD: Bitcoin rebounded aggressively from key support zone! 7466/7852

Now it is close to a key resistance zone at top end of the cloud: 9999/10000!

Up 29%  (2200) since the rebound)


FTSE100: Grinding into cloud chart resistance!

FTSE100: Grinding into  cloud chart resistance!
Price action still below the top end of the cloud, that is bearish long-term. Next key resistance target is: 7374! Need to see a breakout past cloud chart resistance to become bullish!



Critical week ahead!



Xetra Dax: Moving into old resistance zones! 12885/13143!

Xetra Dax: Moving into old resistance zones! 12885/13143!

Grinding into old resistance zones! In profit taking zones since the rebound at the bottom cloud support of 11961!

Downside consolidation risk remain high at these resistance levels.



Tuesday 22 October 2019

Xetra Dax 30 Index: Moving into profit taking zone after a 794 point rally!

Xetra Dax 30 Index: Moving into profit taking zone after a 794 point rally!

Great rebound from top end cloud chart support zone at 11961! Now the Dax has moved into profit taking zone after a 794 point rally!



Expect consolidation of recent gains, with front  top end of the front cloud as a key support zone.


FTSE100: Trading below the cloud and that is overall bearish!

FTSE100: Trading below the cloud and that is overall bearish!

FTSE100 in bearish mode since price action is below the cloud, and the bottom end of the cloud is a key resistance zone! Index down more than 200 points since the most recent sell signal!




Thursday 17 October 2019

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTC is down more than 20% since the cloud cross sell signal! Old cloud chart support zone of 7852 is being tested.  If support fails, there is downside risk towards next support zones of 7182/7017!

If support comes in at 7852 there is upside potential towards the bottom end cloud resistance zone of 8674!

Price action is below the cloud and this is bearish long-term.



Monday 14 October 2019

Dow Jones DJI index fighting cloud chart resistance at top end of the cloud!

Dow Jones DJI index fighting cloud chart resistance at top end of the cloud: 27000!

Reversal and consolidation risk remain high at this resistance level.

DJI index is up more than 700 points since the rebound from old key cloud chart support levels!

Xetra Dax: Make or break week at this resistance zone!

Xetra Dax: Make or break week at this resistance zone! The DAX is just above an the old cloud chart resistance zone of 12405! Critical for the index to remain above the support level. If support fails here, we heading back down to 12202 front cloud chart support zone!

So far so good the index is up more than 400 points since the rebound from cloud chart support at the top end of the cloud in early October.

FTSE100: Fighting cloud chart resistance!

FTSE100: Fighting cloud chart resistance at the bottom end of the cloud! Critical week ahead for the FTSE100 to break past this resistance zone. Upside resistance target is the top end of the cloud at :7373!


Tuesday 8 October 2019

Bitcoin: BTC down more than 20% since the cloud chart sell signal!

Bitcoin: BTC down more than 20% since the cloud chart sell signal!

BTC fighting for support at old cloud chart support zone of 7852. Downside risk to next key support zone: 7017!



Short-term upside potential from a technical retracement point of view , back up to the bottom cloud support zone 9300!

Long-term price action is below the cloud, and that is bearish on a daily chart.


Monday 7 October 2019

FTSE100: Rebounded from old support, trading below the cloud!

FTSE100: Rebounded from old support of 7052.

New resistance zone at the bottom and top levels of the cloud at 7222/7373!

Since price action is below the cloud, thats overall bearish, but I am looking for a short-term trade back up to bottom of cloud resistance!


Xetra Dax: Fighting hard for support at key cloud chart support zone:11969

Xetra Dax: Fighting hard for support at key cloud chart support zone:11969.

Downside risk towards bottom of cloud chart at : 11745!



If support holds, then upside resistance target is at 12202!

Critical week ahead for support to hold top end cloud chart level.


Thursday 29 August 2019

S&P500 Index: Fighting hard for support at cloud support zone-2872

S&P500 Index: Fighting hard for support at cloud support zone-2872.

Critical week ahead. SPX need to rebound from this support zone, downside risk is high at this key cloud chart support level. There is the potential for a move up to 2925!

The front end of the cloud is indicating that there is the start of a downtrend on the daily chart. Over the medium term we can see a rally back up to the bottom end of the top end of the cloud if support holds. But after that move, we can still correct and move lower.


Tuesday 27 August 2019

Xetra Dax: Fighting for support below the cloud! Crtitical week ahead!

Xetra Dax: Fighting for support below the cloud! Critical week ahead!
Dax is down more than 780 points since the sell signal above the cloud!
Downside risk to the 11447 zone if support does not hold at current levels!
Upside target for a relief rally when support comes in is around the 1933 zone!


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

FTSE100: Having a hard time to find major support!

FTSE100: Having a hard time to find major support!
Outlook remains bearish since price action is below the cloud!
Index is down more than 400 points since the sell signal.
Short-term trading opportunity from 7080/7020 support levels if support comes in at these levels.


Thursday 15 August 2019

DJI Dow Jones index in trouble as its trading below the cloud!

DJI Dow Jones index in trouble as its trading below the cloud!

Need to see a rebound from 25448 cloud chart support zone! Downside risk remain in place to the low of 24819!

Critical few days ahead for the market to find support at this critical cloud chart zone!


Index is down more than 1500 points since the sell signal above the cloud! Shorts ruled!


Tuesday 13 August 2019

FTSE100: Lost support at cloud chart support zone:7350!

FTSE100: Lost support at cloud chart support zone:7350!

Now fighting for support at 7221 weekly cloud chart support zone! Need to see a rebound here, if not, then more downside to 6992!

Price action is below the cloud and that is bearish overall!

Xetra Dax: Fighting for support at key cloud chart support zone:11736!

Xetra Dax: Fighting for support at key cloud chart support zone:11736!

Need to see a rebound here! If support does not hold then downside risk towards the bottom end of the cloud! Critical week ahead!


Thursday 8 August 2019

TQQQ fighting for support at key cloud chart level: $57!

TQQQ fighting for support at key cloud chart level: $57 on the daily cloud chart. Critical for this level support to come in and then there is the potential for a rebound.


Fail that , we heading lower to the top end cloud support zone of the weekly cloud chart at $51.84 if suppport does not hold on the daily.

Critical week ahead!


Tuesday 6 August 2019

Nasdaq Comp Index IXIC at a critical cloud support level! Make or break week ahead!

Nasdaq Comp Index IXIC at a critical cloud support level! Make or break week ahead!
Need to see a rebound from this cloud chart support zone: 7735 if not, then there is downside risk towards 7611/7375!


Monday 5 August 2019

FTSE100: Sliced right past cloud chart support levels. Index in trouble!

FTSE100: Sliced right past cloud chart support levels. Index in trouble! If we don't see support come in at bottom end of the cloud, and price remains below the cloud it is then overall bearish!


S&P500: Trending down since sell signal above cloud!

S&P500: Trending down since sell signal above cloud!  Downside risk towards top end and bottom end of the cloud around 2884/2872.


Thursday 11 July 2019

S&P500: SPX index briefly broke past 3000 but now need to see a strong follow-through!

S&P500: SPX index broke past 3000 but did not close above that level. Now need to see a strong follow-through!

Earnings season will determine if this rally will be sustained! Old resistance at 2954 should act as the new support zone!


Consolidation risk remain!


Tuesday 9 July 2019

Monday 8 July 2019

FTSE100: At critical cloud chart resistance zone:7544

FTSE100: At critical cloud chart resistance zone:7544, need to see a follow-through of the recent breakout past this resistance zone! Downside consolidation risk remain high at these levels.