SPX: S&P500 managed to break past cloud chart resistance at top end of cloud!
Next key resistance zone : 3075/3100!
SPX need to stay above this top cloud chart resistance level for the rally to remain intact.
Thursday, 28 May 2020
Wednesday, 27 May 2020
NDX-100 Reached the 9444 resistance target! Consolidation risk remain high here!
NDX-100 Reached the 9444 resistance target! Consolidation risk remain high here!
NDX reached the old cloud chart resistance zone of 9444. NDX is not far from the old high of 9736! Consolidation risk remain high at this key resistance zone! It is May by the way, as they say!
Taking some profit off the table here since the strong rally from cloud chart support zone at 6952, a 35% rally!
NDX reached the old cloud chart resistance zone of 9444. NDX is not far from the old high of 9736! Consolidation risk remain high at this key resistance zone! It is May by the way, as they say!
Taking some profit off the table here since the strong rally from cloud chart support zone at 6952, a 35% rally!
S&P500 SPX index fighting top cloud resistance zone at 3005!
S&P500 SPX index fighting top cloud resistance zone at 3005!
Need to see a breakout past this level for the rally to maintain upside momentum. Consolidation risk remain high at this key resistance zone!
Need to see a breakout past this level for the rally to maintain upside momentum. Consolidation risk remain high at this key resistance zone!
Tuesday, 26 May 2020
Xetra Dax: Broke past major resistance zone:11025, Next target: 11828!
Xetra Dax: Broke past major resistance zone:11025 on daily cloud chart. Expect this level to be tested for new support zone! Price is above the daily cloud chart, and that is bullish from a daily cloud chart perspective!
Next target: 11828 bottom end of the weekly cloud chart! Price action still below the bottom end of the cloud, and that is overall bearish. Bear market rally from a cloud chart perspective!
Bullish on the daily up to the bottom end of the weekly cloud, then I guess it will be "sell in may" again!
Next target: 11828 bottom end of the weekly cloud chart! Price action still below the bottom end of the cloud, and that is overall bearish. Bear market rally from a cloud chart perspective!
Bullish on the daily up to the bottom end of the weekly cloud, then I guess it will be "sell in may" again!
Tuesday, 19 May 2020
S&P500 SPX: Close to top cloud resistance zone! Critical week ahead!
S&P500 SPX: Close to top cloud resistance zone! Critical week ahead!
Need to see a breakout past this cloud chart resistance, if not then expect a consolidation and more downside risk if resistance holds!
Need to see a breakout past this cloud chart resistance, if not then expect a consolidation and more downside risk if resistance holds!
NDX-100: Getting closer to top cloud resistance target: 9441!!!
NDX-100: Getting closer to top cloud resistance target: 9441!!!
NDX moving into profit taking zone an old cloud chart resistance zone of 9441! After rebounding from a few down days the NDX rebounded from front cloud support zone: 8935!
NDX is up more than 26% since the buy signal, and up more than 34% since rebounding from an weekly cloud chart support zone!
NDX moving into profit taking zone an old cloud chart resistance zone of 9441! After rebounding from a few down days the NDX rebounded from front cloud support zone: 8935!
NDX is up more than 26% since the buy signal, and up more than 34% since rebounding from an weekly cloud chart support zone!
Monday, 18 May 2020
FTSE100: Managed to rebound from bottom cloud support zone:5730! Upside resistance target: 6224!
FTSE100: Managed to rebound from bottom cloud support zone: 5730!
Upside resistance target: 6224 at the top end of the cloud, but I am not sure if we will get to that part of the cloud any time soon. Going to be a slow grind!
Upside resistance target: 6224 at the top end of the cloud, but I am not sure if we will get to that part of the cloud any time soon. Going to be a slow grind!
Xetra Dax: Still stuck below the cloud chart resistance zone: 11025!
Xetra Dax: Still stuck below the cloud chart resistance zone: 11025!
Price action below the cloud remain bearish from a cloud chart perspective. The DAX is now trading range bound between top cloud resistance zone of 11025, with bottom support zone at 10285!
Expect a retest of the top cloud chart resistance! then more downside if resistance holds at that level!
Price action below the cloud remain bearish from a cloud chart perspective. The DAX is now trading range bound between top cloud resistance zone of 11025, with bottom support zone at 10285!
Expect a retest of the top cloud chart resistance! then more downside if resistance holds at that level!
Monday, 11 May 2020
NDX: Nasdaq-100 Index broke past front cloud resistance, next target:9441! FOMOFED rally!
NDX: Nasdaq-100 Index broke past front cloud resistance, next target: 9441!
NDX broke past front cloud resistance at 8902 resistance zone!
Index is up 31% since rebounding from bottom cloud chart support zone!
On the daily chart the next key resistance level is around 9441! Expect the gap to be closed, and its also moving into a key profit taking zone! What a quick rally!
FOMOFED rally back in full swing!
NDX broke past front cloud resistance at 8902 resistance zone!
Index is up 31% since rebounding from bottom cloud chart support zone!
On the daily chart the next key resistance level is around 9441! Expect the gap to be closed, and its also moving into a key profit taking zone! What a quick rally!
FOMOFED rally back in full swing!
Xetra Dax Index:Grinding higher towards top end cloud chart resistance: 11025!
Xetra Dax Index:Grinding higher towards top end cloud chart resistance: 11025!
Will see some resistance at this level for the DAX! Price action need to be above this cloud level to be bullish! Price action below the cloud level is bearish from a cloud chart perspective.
This will be the second attempt by the DAX to break past this level!
Will see some resistance at this level for the DAX! Price action need to be above this cloud level to be bullish! Price action below the cloud level is bearish from a cloud chart perspective.
This will be the second attempt by the DAX to break past this level!
FTSE100: Grinding into significant cloud chart resistance!
FTSE100: Grinding into significant cloud chart resistance!
FTSE managed to rebound from bottom end cloud chart support, and is now grinding further into cloud chart resistance! Top end cloud resistance level is the target at 6224!
Critical week ahead to see if the FTSE100 will be able to get past this thick cloud chart resistance!
FTSE managed to rebound from bottom end cloud chart support, and is now grinding further into cloud chart resistance! Top end cloud resistance level is the target at 6224!
Critical week ahead to see if the FTSE100 will be able to get past this thick cloud chart resistance!
Wednesday, 6 May 2020
Nasdaq-100 NDX: Battling to sustain its rally past the front cloud resistance zone of 8902!
Battling to sustain its rally past the front cloud resistance zone of 8902! Consolidation and reversal risk high at these levels!
The index is up more than 28% since rebounding from the cloud chart support zone at the bottom of the cloud!
The index is up more than 28% since rebounding from the cloud chart support zone at the bottom of the cloud!
Tuesday, 5 May 2020
Xetra Dax 30: Lost the battle at top end cloud chart resistance! Downside risk remain high!
Xetra Dax 30: Lost the battle at top end cloud chart resistance! Downside risk remain high!
Dax reversed lower after hitting cloud chart resistance at top end cloud level:11022 zone!
This level remain a major resistance zone!
Downside targets is at the bottom end of the cloud: 9861! There is still downside risk to this level!
Dax reversed lower after hitting cloud chart resistance at top end cloud level:11022 zone!
This level remain a major resistance zone!
Downside targets is at the bottom end of the cloud: 9861! There is still downside risk to this level!
FTSE100: Fighting hard for support at 5768 cloud chart support zone!
FTSE100: Fighting hard for support at 5768 cloud chart support zone!
Critical week ahead for the FTSE100! Fighting for support at the bottom end cloud chart support zone! Need to see support come in here, it not the FTSE100 can slip below the cloud and then drop back into negative territory! Price action below the cloud is overall bearish long-term!
Critical week ahead for the FTSE100! Fighting for support at the bottom end cloud chart support zone! Need to see support come in here, it not the FTSE100 can slip below the cloud and then drop back into negative territory! Price action below the cloud is overall bearish long-term!
Friday, 1 May 2020
NDX-100 Fighting hard to stay above front cloud resistance zone of 8902!
NDX-100 Fighting hard to stay above front cloud resistance zone of 8902!
Downside consolidation risk remain high here after the strong rally over the past few weeks! Taking some profits off the table here!
Will this be a sell in May moment?
Downside consolidation risk remain high here after the strong rally over the past few weeks! Taking some profits off the table here!
Will this be a sell in May moment?
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