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.

         

Xetra Dax 30: Reversed lower after hitting cloud chart resistance at 12663!

Xetra Dax 30: Reversed lower after hitting cloud chart resistance at 12663!

Reversal/consolidation risk remain high at this key cloud chart resistance zone!

DAX is up more than 15% since buy signal, now in profit taking zone!

Tuesday 2 July 2019

DJI: Dow Jones index at new high zone but we need to see a follow-through here!

DJI: Dow Jones index at new high zone but we need to see a follow-through here!

DJI looking to break out of this trading range, but since the new high we need to see an aggressive breakout and follow-through here! Consolidation risk remain.


Monday 1 July 2019

Xetra Dax:Strong start for July. Next resistance top cloud level:12663!

Xetra Dax:Strong start for July. Next resistance top cloud level:12663, top end of an old cloud chart resistance zone! Will see if the DAX break past this level on above average volume!


FTSE100: Off to a strong start for July, next target: 7544!

FTSE100: Off to a strong start for July, next target: 7544 top end  cloud chart resistance zone!