DAX racing down towards next key P&F chart support zone of 12200/12100! If support fails at 12000 level that will activate the next downside P&F chart target of 11300!
Seasonal risk also in play, Critical month ahead!
Friday, 31 July 2020
Xetra Dax 30: Reversed lower after hitting P&F chart target 13000!
Xetra Dax 30: Reversed lower after hitting P&F chart target 13000!
DAX racing down towards next key P&F chart support zone of 12200/12100! If support fails at 12000 level that will activate the next downside P&F chart target of 11300!
Seasonal risk also in play, Critical month ahead!
DAX racing down towards next key P&F chart support zone of 12200/12100! If support fails at 12000 level that will activate the next downside P&F chart target of 11300!
Seasonal risk also in play, Critical month ahead!
Wednesday, 29 July 2020
TSLA: Rebounded after hitting downside P&F chart target zone:1410!
TSLA: Rebounded after hitting downside P&F chart target zone:1410!
The initial sell signal came soon after TSLA hit the 1720 P&F chart target! TLSA dropped more than 13% after that sell signal! The 1410 target was then activated!
After the rebound TSLA hit the upside P&F chart target of 1530!
Downside risk towards P&F chart trend line support zone remain in play with a target of 1440!
Potential rebound from the 1440/1475 targets.
If support fails at these levels then there is downside risk towards 1360!
Critical for TSLA to rebound from P&F chart trend support!
The initial sell signal came soon after TSLA hit the 1720 P&F chart target! TLSA dropped more than 13% after that sell signal! The 1410 target was then activated!
After the rebound TSLA hit the upside P&F chart target of 1530!
Downside risk towards P&F chart trend line support zone remain in play with a target of 1440!
Potential rebound from the 1440/1475 targets.
If support fails at these levels then there is downside risk towards 1360!
Critical for TSLA to rebound from P&F chart trend support!
NDX-100: Reversed lower after hitting target! Now testing key P&F chart support zone!
NDX-100: Reversed lower after hitting target! Now testing key P&F chart support zone!
NDX-100 reversed lower soon after hitting the 10925 P&F chart target. It is on its way to test a key trend line support zone on the P&F chart. Potential rebound from the 10500 zone. If support fails at this key level, then the downside P&F chart target of 9600 gets activated and the NDX can sell off down to 10300/10050 to test support levels. If those levels fail, then we heading to 9600!
NDX is down 380 points since the P&F chart sell signal! Need to see a key P&F chart reversal to the upside at these key support levels to signal a reversal of the current downtrend!
NDX-100 reversed lower soon after hitting the 10925 P&F chart target. It is on its way to test a key trend line support zone on the P&F chart. Potential rebound from the 10500 zone. If support fails at this key level, then the downside P&F chart target of 9600 gets activated and the NDX can sell off down to 10300/10050 to test support levels. If those levels fail, then we heading to 9600!
NDX is down 380 points since the P&F chart sell signal! Need to see a key P&F chart reversal to the upside at these key support levels to signal a reversal of the current downtrend!
Tuesday, 28 July 2020
Monday, 27 July 2020
Xetra Dax 30: Fighting resistance at the front end of the cloud:13024!
Xetra Dax 30 : Fighting resistance zone at the front end of the cloud :13024! Top end of the cloud is a key support zone to be tested. If support fails at top end of the cloud there is downside risk towards 12529 the bottom end cloud chart support zone!
The current long trade is still up from the bottom cloud support at 11839, and any weakness below 12529 will be a sell signal of the most recent long trade. The easy money has been made, now need that breakout past 13024!
Critical week ahead!
The current long trade is still up from the bottom cloud support at 11839, and any weakness below 12529 will be a sell signal of the most recent long trade. The easy money has been made, now need that breakout past 13024!
Critical week ahead!
FTSE100: Stuck in a trading range: 6044/6296.Need a rebound from support!
FTSE100: Stuck in a trading range: 6044/6296. Need a rebound from support!
Key support level to watch for a potential rebound is the bottom end of the front cloud chart support zone @ 6044/6087!
Key resistance zone that the FTSE100 needs to break past is 6296!
Strategy: Buyer of cloud support and taking profit at resistance zones. Critical week ahead!
Key support level to watch for a potential rebound is the bottom end of the front cloud chart support zone @ 6044/6087!
Key resistance zone that the FTSE100 needs to break past is 6296!
Strategy: Buyer of cloud support and taking profit at resistance zones. Critical week ahead!
Friday, 24 July 2020
NDX-100: Consolidating back down to front cloud support zone!
NDX-100: Consolidating back down to front cloud support zone!
NDX undergoing a much needed consolidation after a very strong rally from the March lows.
Key support levels expected to be tested are:
Critical week ahead!
NDX undergoing a much needed consolidation after a very strong rally from the March lows.
Key support levels expected to be tested are:
- Front cloud support level at 10499.
- The cloud chart standard line at 10408, do expect a potential rebound from this level.
- Another key support level in a weak market where we can expect a potential rebound:10278!
Critical week ahead!
SPX:S&P500 index reversed lower after hitting 3275 P&F chart target!
SPX: S&P500 index reversed lower after hitting 3275 P&F chart target!
Critical week ahead to see if there will be a continuation of this P&F chart reversal. Downside risk towards bottom end trend line support zone on the P&F chart target!
Critical week ahead to see if there will be a continuation of this P&F chart reversal. Downside risk towards bottom end trend line support zone on the P&F chart target!
TSLA: Reversed lower after hitting 1720 P&F chart target! Next target 1410!
TSLA: Reversed lower after hitting 1720 P&F chart target!
TSLA now testing a key P&F chart trend line support level. If support fails here then TSLA next P&F chart target is 1410! Critical week ahead!
TSLA now testing a key P&F chart trend line support level. If support fails here then TSLA next P&F chart target is 1410! Critical week ahead!
Tuesday, 21 July 2020
MSFT: AI cashed out of the long trades! What a great rally!
MSFT: AI cashed out of the long trades! What a great rally!
Artificial intelligence generated trades are now out of MSFT after locking in a few great gains in the stock over the last few months!
Now the AI is waiting for the next signal!
So far so good!
Artificial intelligence generated trades are now out of MSFT after locking in a few great gains in the stock over the last few months!
So far so good!
NFLX: AI exits long positions after 3 great AI trades!
NFLX: AI exits long positions after 3 great AI trades!
Over the last few months artificial intelligence algos generated some great trades on NFLX. Three trades returned 31%, then 20% then 25% on each trade!
The AI is now looking for the next signal but for the time being the AI is out of a position on NFLX!
So far so good!
Over the last few months artificial intelligence algos generated some great trades on NFLX. Three trades returned 31%, then 20% then 25% on each trade!
The AI is now looking for the next signal but for the time being the AI is out of a position on NFLX!
So far so good!
NDX-100: FOMOFED rally in full swing, but NDX is extended and close to next P&F chart target!
NDX-100: FOMOFED rally in full swing, but NDX is extended and close to next P&F chart target!
Liquidity rally in full swing in an over extended market! Next P&F chart target is 11400. Consolidation risk remain high here! Beware any P&F chart reversal that can signal the correction!
Liquidity rally in full swing in an over extended market! Next P&F chart target is 11400. Consolidation risk remain high here! Beware any P&F chart reversal that can signal the correction!
Monday, 20 July 2020
Friday, 17 July 2020
NDX-100: In consolidation mode with 10288 as support target!
NDX-100: In consolidation mode with 10288 as support target!
Currently NDX is testing the front cloud chart support zone of 10497, with the next key support zone to watch for at 10288! The bearish engulfing candle at the high is still an overall negative for the market!
NDX undergoing a much needed consolidation after a strong multi month rally! The index is up more than 30%/2455 points, since the cloud chart buy signal!
Currently NDX is testing the front cloud chart support zone of 10497, with the next key support zone to watch for at 10288! The bearish engulfing candle at the high is still an overall negative for the market!
NDX undergoing a much needed consolidation after a strong multi month rally! The index is up more than 30%/2455 points, since the cloud chart buy signal!
Thursday, 16 July 2020
S&P500 Index: Broke past cloud chart resistance! Critical week ahead!
S&P500 Index: Broke past front cloud chart resistance zone of 3211! Critical week ahead for the index to follow-through on this resistance breakout! Need to see indications that the top end of the cloud will now remain a key support zone! Critical week ahead!
The most recent cloud chart signal is up more than 200 points since the rebound from support in the cloud!
The most recent cloud chart signal is up more than 200 points since the rebound from support in the cloud!
FTSE100: Fighting hard to get past front cloud resistance of 6315!
FTSE100: Fighting hard to get past front cloud resistance of 6315!
Critical week ahead for the FTSE to break past this key resistance zone! That would change the trend from down to up since price action above the cloud is bullish, and price action below the cloud is bearish!
If resistance holds, then downside risk towards bottom end of the front cloud support zone: 5900 zone! We need to see that breakout before this markets outlook changes from bearish, to bullish!
Critical week ahead for the FTSE to break past this key resistance zone! That would change the trend from down to up since price action above the cloud is bullish, and price action below the cloud is bearish!
If resistance holds, then downside risk towards bottom end of the front cloud support zone: 5900 zone! We need to see that breakout before this markets outlook changes from bearish, to bullish!
Xetra Dax: Fighting cloud chart resistance at top end of the cloud!
Xetra Dax: Fighting cloud chart resistance at top end of the cloud!
Need to see a breakout past the top end cloud chart resistance for the rally to continue. Fail that, and resistance holds, then the DAX is expected to move back down to the bottom end cloud chart support zone to test that level there! Critical week ahead!
The most recent cloud chart rebound trade is up around 22% or 2350 points!
Need to see a breakout past the top end cloud chart resistance for the rally to continue. Fail that, and resistance holds, then the DAX is expected to move back down to the bottom end cloud chart support zone to test that level there! Critical week ahead!
Tuesday, 14 July 2020
NDX-100: Extended and in need of a consolidation!
NDX-100 a bit extended and in a much needed consolidation mode! Yesterdays close make for very negative price action! NDX is extended from the cloud and I do expect some consolidation back to key support levels
S&P500: Failed to breakout past front cloud resistance zone of 3211!
S&P500: Failed to breakout past front cloud resistance zone of 3211!
Need a sustained breakout past this key level! Downside risk towards bottom cloud chart support zone:3054!
Need a sustained breakout past this key level! Downside risk towards bottom cloud chart support zone:3054!
Monday, 13 July 2020
TSLA: Hit 1720 P&F chart targets! A bubble that keeps on giving!
TSLA: Hit 1720 P&F chart target! A bubble that keeps on giving! Just hit another profit taking zone!
Consolidation risk remain high here after such a strong short-term rally!
Looking at the cloud chart, TSLA now clearly well extended from key cloud support, and do expect some form of consolidation of this rally over the last 3 months!
Consolidation risk remain high here after such a strong short-term rally!
Looking at the cloud chart, TSLA now clearly well extended from key cloud support, and do expect some form of consolidation of this rally over the last 3 months!
Friday, 10 July 2020
NDX-100: Nasdaq having a strong rally but consolidation risk remain high at these elevated levels.
NDX-100: Nasdaq having a strong rally but consolidation risk remain high at these elevated levels.
Next P&F chart target is 10925, but not without P&F chart consolidation/reversal risk as the market needs to take a little breather here! Index is up more than 800 points since the last P&F chart buy signal!
Next P&F chart target is 10925, but not without P&F chart consolidation/reversal risk as the market needs to take a little breather here! Index is up more than 800 points since the last P&F chart buy signal!
TSLA: In profit taking zone, stock extended after hitting key P&F chart targets!
TSLA: In profit taking zone, stock extended after hitting key P&F chart targets!
TSLA hit 1120, then 1275, then 1340, then 1345 P&F chart targets. Its currently consolidating this significant move! Downside profit taking risk remain high here!
Turning to the cloud chart, TSLA is extended on a cloud chart basis. Time to lock in some of the gains since the cloud chart buy signal at 698, +100% gain over last few months.
Any consolidation down could find support at the signal line and front cloud support zones: 1189/1163. In profit taking zone now!
TSLA hit 1120, then 1275, then 1340, then 1345 P&F chart targets. Its currently consolidating this significant move! Downside profit taking risk remain high here!
Any consolidation down could find support at the signal line and front cloud support zones: 1189/1163. In profit taking zone now!
Tuesday, 7 July 2020
TSLA: Hit 1340/1345 P&F chart targets! In profit taking zone!
TSLA: Hit 1340/1345 P&F chart targets! In profit taking zone! Consolidation risk is high at these elevated levels. TSLA is extended!
Monday, 6 July 2020
NDX-100: Hit the 10375 P&F chart target, next target 10925!
NDX-100: Hit the 10375 P&F chart target, next target 10925!
NDX-100 hit the 10250, then 10375 P&F chart targets. The next target is 10925/11400, but beware any P&F chart reversal/consolidation to indicate profit taking around the P&F chart targets!
NDX-100 hit the 10250, then 10375 P&F chart targets. The next target is 10925/11400, but beware any P&F chart reversal/consolidation to indicate profit taking around the P&F chart targets!
FANGMAN Stocks: AI signals on the FANGMAN stocks
FANGMAN Stocks: AI (Artificial Intelligence) generated signals on the FANGMAN stocks:
FB, AAPL, AMZN, NFLX, NVDA, GOOG, MSFT!
FB, AAPL, AMZN, NFLX, NVDA, GOOG, MSFT!
S&P500: Next upside targets 3250/3275/3325! Beware consolidation risk!
S&P500: Next upside P&F chart targets 3250/3275/3325! Beware consolidation risk!
DJI Dow Jones Index: Next P&F chart target 27200!
DJI Dow Jones Index: Next P&F chart target 27200!
After rebounding from a key support zone of 25100 on the P&F chart, the next upside P&F chart target is 27200! But beware reversals/consolidations close to targets!
After rebounding from a key support zone of 25100 on the P&F chart, the next upside P&F chart target is 27200! But beware reversals/consolidations close to targets!
Thursday, 2 July 2020
TSLA: Hit 1120 P&F chart target! Consolidation risk high here!
TSLA: Hit 1120 P&F chart target! Consolidation risk high here after the most recent strong rally!
Beware any P&F chart reversal signal as the profit taking sell signal!
Next upside targets are 1340/1345, but beware consolidation risk!
Beware any P&F chart reversal signal as the profit taking sell signal!
Next upside targets are 1340/1345, but beware consolidation risk!
NDX-100: Hit the 10250 P&F chart target, next target 10375!
NDX-100: Hit the 10250 P&F chart target, next target 10375!
Beware P&F chart consolidation/reversal risk at these target ranges!
Beware P&F chart consolidation/reversal risk at these target ranges!
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