Need to see a breakout past this resistance zone, if not, then consolidation risk remain in place back to the top end of the cloud!
Wednesday, 27 February 2019
GBPUSD: After a strong rally from cloud support, now fighting old resistance levels!
GBPUSD: After a strong 458 point rally from cloud support at top end cloud level of 1.2804, GBP is now fighting old resistance levels 1.3278 resistance zone!
Need to see a breakout past this resistance zone, if not, then consolidation risk remain in place back to the top end of the cloud!
Need to see a breakout past this resistance zone, if not, then consolidation risk remain in place back to the top end of the cloud!
Tuesday, 26 February 2019
Monday, 25 February 2019
S&P500: 2825 next key cloud chart resistance zone!
S&P500: 2825 next key cloud chart resistance zone!
Top end of the cloud on weekly chart is the next key resistance zone! Consolidation risk remain in place after this strong rally from old cloud chart support levels of 2364!
On the daily the back end cloud resistance level is around the 2825 zone. The S&P managed to break past 2771 cloud chart resistance. Index is up 347 points since the buy signal!
Consolidation risk remain high at these levels since we are now closer to the top end cloud chart resistance zone on weekly chart.
Top end of the cloud on weekly chart is the next key resistance zone! Consolidation risk remain in place after this strong rally from old cloud chart support levels of 2364!
On the daily the back end cloud resistance level is around the 2825 zone. The S&P managed to break past 2771 cloud chart resistance. Index is up 347 points since the buy signal!
FTSE100: 7202 cloud chart resistance rermains in place for now!
FTSE100: 7202 cloud chart resistance remains in place for now!
Need to see a sustained breakout past the cloud chart resistance zone of 7202!
Consolidation downside risk remain in place to front end cloud chart support level of 7080 and the base line support at 6997!
Resistance to the upside is at the bottom end of the weekly cloud chart 7385, but for FTSE100 to get there we need to see a breakout past daily chart resistance of 7202!
Big picture, price action is still below the cloud chart and that is bearish long-term!
Need to see a sustained breakout past the cloud chart resistance zone of 7202!
Consolidation downside risk remain in place to front end cloud chart support level of 7080 and the base line support at 6997!
Resistance to the upside is at the bottom end of the weekly cloud chart 7385, but for FTSE100 to get there we need to see a breakout past daily chart resistance of 7202!
Big picture, price action is still below the cloud chart and that is bearish long-term!
Friday, 22 February 2019
FTSE100: Having a hard time to breakout past cloud chart resistance!
FTSE100: Having a hard time to breakout past cloud chart resistance!
FTSE100: Having a hard time to breakout past cloud chart resistance at cloud chart shadow 7244 resistance zone!
Consolidation risk remain in place at these levels after the strong rally from old support levels of 6617!
FTSE100: Having a hard time to breakout past cloud chart resistance at cloud chart shadow 7244 resistance zone!
Consolidation risk remain in place at these levels after the strong rally from old support levels of 6617!
S$P500 Fighting cloud chart shadow resistance:2772
S$P500 Fighting cloud chart shadow resistance:2772
Profit taking time after a 13.54% rally since the buy signal below the cloud! The S&P500 is now having a hard time to breakout past cloud chart shadow resistance at 2772.
Need to see a breakout past this level or there is consolidation risk back down to the top end cloud chart support zone at the front end of the cloud!
Profit taking time after a 13.54% rally since the buy signal below the cloud! The S&P500 is now having a hard time to breakout past cloud chart shadow resistance at 2772.
Need to see a breakout past this level or there is consolidation risk back down to the top end cloud chart support zone at the front end of the cloud!
Tuesday, 19 February 2019
SPX: S&P500 at key cloud chart resistance of 2772 after a 12% rally!
SPX: S&P500 at key cloud chart resistance of 2772 after a 12% rally since the swing trade buy signal!
Reversal risk remain high at this key resistance zone!
Critical week ahead!
Reversal risk remain high at this key resistance zone!
Critical week ahead!
UDOW: Close to resistance target of 98.31 after a 41% move!
UDOW: Close to resistance target of 98.31 after a 41% move!
UDOW is now close to the top end cloud chart resistance zone! The UDOW is up about 41% since the swing trade buy signal below the cloud!
Consolidation risk remain high at this key cloud chart resistance zone!
UDOW is now close to the top end cloud chart resistance zone! The UDOW is up about 41% since the swing trade buy signal below the cloud!
Consolidation risk remain high at this key cloud chart resistance zone!
Monday, 18 February 2019
Dow Jones DJI Index broke past cloud chart resistance at 25607!
Dow Jones DJI Index broke past cloud chart resistance at 25607!
So far so good with price action above the cloud, but consolidation risk remain in place now as the index is getting closer to old cloud chart and old high resistance zones!
Do expect a consolidation of this move back down to the top end cloud support zone at 24878!
Critical week ahead!
So far so good with price action above the cloud, but consolidation risk remain in place now as the index is getting closer to old cloud chart and old high resistance zones!
Do expect a consolidation of this move back down to the top end cloud support zone at 24878!
Critical week ahead!
Xetra Dax: Fighting resistance at 11280!
Xetra Dax: Fighting resistance at 11280!
Dax is trading above the cloud on daily chart that is bullish with the top end cloud chart as the new support zone!
Dax is up more than 600 points since the swing trade buy signal below the cloud! Critical week ahead to see what will happen to the 11280 resistance zone?!
Dax is up more than 600 points since the swing trade buy signal below the cloud! Critical week ahead to see what will happen to the 11280 resistance zone?!
FTSE100: Fighting resistance at 7243 cloud chart resistance zone!
FTSE100: Fighting resistance at 7243 cloud chart resistance zone!
Reversal risk remain in place if resistance holds on daily chart!
Index is up more than 500 points since the swing trade buy signal below the cloud!
Reversal risk remain in place if resistance holds on daily chart!
Wednesday, 13 February 2019
Bitcoin BTC: Stuck below cloud chart resistance with downside risk to 3156/2705
Bitcoin BTC: Stuck below cloud chart resistance with downside risk to 3156/2705
Bottom end of the cloud at 3744 is a major resistance zone!
Price action below the cloud confirms bearish outlook.
Downside risk towards 3156, 2705 and then 1661!
Bottom end of the cloud at 3744 is a major resistance zone!
Price action below the cloud confirms bearish outlook.
Downside risk towards 3156, 2705 and then 1661!
DJI Dow Jones getting closer to key cloud chart resistance at 25537!
DJI Dow Jones getting closer to key cloud chart resistance at 25537!
So far so good, after a 3000 plus point rally since the rebound buy signal below the cloud the DJI is now getting close to top end cloud chart resistance zone at 25537 on the daily, and 25594 on the weekly.
Need to see a breakout past the top end front cloud chart resistance on the weekly chart!
Downside risks remain since we now close to a key resistance zone!
So far so good, after a 3000 plus point rally since the rebound buy signal below the cloud the DJI is now getting close to top end cloud chart resistance zone at 25537 on the daily, and 25594 on the weekly.
Downside risks remain since we now close to a key resistance zone!
Monday, 11 February 2019
Xetra Dax Index reversed lower after hitting cloud chart resistance!
Xetra Dax Index reversed lower after hitting cloud chart resistance at 11280!
Downside risk to the bottom end cloud chart support zone: 10745!
Downside risk to the bottom end cloud chart support zone: 10745!
FTSE100: Reversing lower after cloud chart resistance remained in place!
FTSE100: Reversing lower after cloud chart resistance remained in place at 7204.5 cloud chart resistance zone!
Top end of the front cloud is the next key support zone at 6862!
Top end of the front cloud is the next key support zone at 6862!
Monday, 4 February 2019
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