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.