Monday, 29 April 2019

QQQ ETF broke past weekly old high resistance! Need too see the follow-through in the rally!

QQQ ETF broke past weekly old high resistance! Need too see the follow-through in the rally!
New support levels to be tested for support are 187.53, but need to see a stronger follow-through!



Consolidation risk remain high after this strogn rally since the rebound at old support levls of 143 zone!

FTSE100: Running into old cloud chart resistance at 7544/7509!

FTSE100: Running into old cloud chart resistance at 7544/7509!

Make or break week ahead to see if it can rally past 7544 resistance! If not, downside consolidation risk remain high at these resistance levels!



Xetra Dax: Fighting resistance at critical cloud chart level: 12329!

Xetra Dax: Fighting resistance at critical cloud chart level: 12329!

Make or break week ahead! Looking for either the reversal from here when resistance holds, or a breakout past cloud chart resistance!


Tuesday, 23 April 2019

QQQ: Breaking out, need now to see the follow-through after this breakout!

QQQ: Breaking out past old high resistance zone of 187!

Now  need to see the follow-through after this breakout! Consolidation risk remain high here!
Been a strong rally since the rebound from cloud support at 144!


Nasdaq Comp: Fighting hard to break out past old resistance zone!

Nasdaq Comp: Fighting hard to break out past old resistance zone of 8107!
Been a strong rally up to this point after the rebound from old cloud chart support levels at 6200 zones.



Consolidation risk remain high here if we dont get a sustained breakout rally above this resistance zone!

Wednesday, 17 April 2019

WTI Light Crude getting close to cloud resistance: 65.84!

WTI Light Crude getting close to cloud chart resistance of 65.84, at the bottom end of the cloud. This comes after more than a 40% rally since rebounding from old cloud chart support levels of 45.15/43.80!

Need to see a breakout past this level, and then the next upside resistance target is 70.78! but consolidation risk remain high at these levels!


Monday, 15 April 2019

QQQ: Fighting old cloud chart resistance levels for support!

QQQ: Fighting old cloud chart resistance levels!

QQQ managed to break past 184.28 resistance zone, now testing if for support. Next key level is 187.53, top end of the cloud chart, the September 2018 high.


Consolidation risk remain high at these resistance levels since the ETF is up +28% since the December low.

EUR/USD: Fighting resistance at bottom end of the cloud!

EUR/USD: Fighting resistance at bottom end of the cloud! Key resistance levels for possible reversal are 1.1311/1.1345!


Xetra Dax 30 Index: Trading closer to cloud chart resistance at bottom end of the cloud!

Xetra Dax 30 Index: Trading closer to cloud chart resistance at bottom end of the cloud!

Keeping an eye on the 12000 to the 12329 resistanc zones! Consolidation risk remain high here at this cloud chart resistance zone! Index is up more than 1500 points since the rebound buy signal!




FTSE100: Close to major cloud chart resistance at 7506/7545 resistance zone!

FTSE100: Close to major cloud chart resistance at 7506/7545 resistance zone!

Consolidation risk remain high here at this critical cloud chart resistance zone! Index is up more than 800 points since the buy signal below the cloud with the rebound from key support!


FTSE 100 found support so far at the top end of the cloud. It is critical for support to be maintained above this cloud chart level: 7385!


Consolidation and reversal risk remains high at these critical resistance levels!

Friday, 12 April 2019

DJI Dow Jones 30 index trading just below key cloud chart resistance:26494!

DJI Dow Jones 30 index trading just below key cloud chart resistance:26494! Another resistance zone is at 2616! Need to see a breakout past these levels for the rally to continue!


Support is at top end of the cloud : 25941.

Monday, 8 April 2019

S&P500 Index: Getting closer to cloud chart resistance at 2914!

S&P500 Index: Getting closer to cloud chart resistance at 2914, with old highs of 2934 also key levels to watch for a consolidation! downside risk emain in place if the SPX cant break past these levels!


DJI: Dow Jones 30 Index trading closer to key cloud chart resistance at 26494

DJI: Dow Jones 30 Index trading closer to key cloud chart resistance at 26494/26616, top end old cloud chart resistance! Need to see a breakout past these levels, if not, then can see a consolidation with increased downside risk back to top end cloud support zone at 25534!



FTSE100: Weekly cloud chart trading review: Fighting for support!

FTSE100: Weekly cloud chart trading review: Fighting for support at the top end of the cloud after breaking past cloud chart resistance at the bottom cloud chart level on the weekly cloud chart.


Support level: 7385.31!
Key resistance levels: 7509.62/7544.27, at the top end of the cloud!

Friday, 5 April 2019

QQQ: Fighting old cloud chart resistance zone at 184!

QQQ: Fighting old cloud chart resistance zone at 184!

Need to see a breakout past this old top end cloud chart resistance levels of 184!


Downside consolidation risk remain high at this resistance level!

TQQQ: Trading close to old cloud chart resistance levels: 61.5/62.65

TQQQ: Trading close to old cloud chart resistance levels: 61.5/62.65

Consolidation risk remain high here after a 70% rally since the buy signal below the cloud!


Thursday, 4 April 2019

Xetra Dax: Fighting cloud chart resistance at bottom end of the cloud: 11937!

Xetra Dax: Fighting cloud chart resistance at bottom end of the cloud: 11937!

Need to see a breakout past cloud  chart resistance. Price action below the cloud is bearish long-term.

Critical week ahead!


FTSE100: Fighting resistance at bottom end of weekly cloud chart level:7386

FTSE100: Fighting resistance at bottom end of weekly cloud chart level at 7386, a major resistance zone!
Critical week ahead to see if the FTSE can maintain its upwards momentum and break past the cloud chart resistance zone! It mamanged to get above this level, but its critical to remain above this cloud level now!  Critical week ahead!