Wednesday 31 July 2024

NVDA: Rebounding from critical Cloud Cart support zones! Upside targets 119/123 & 127!

 NVDA: Rebounding from critical Cloud Cart  (CC) support zones! Upside targets 119/123 & 127!

Great support rebound from the Standard Line of the Cloud on the weekly CC. Upside target is the Turning Line of the CC at 121! Downside risk towards 97/90 support zones!












Daily CC rebound from the bottom end of the Cloud at 108! Upside resistance targets are 119/123 & 127! 



CrowdStrike CRWD: Fighting for support at a critical Cloud Chart support zone 235/216! Rebound potential!

 CrowdStrike CRWD: Fighting for support at a critical Cloud Chart support zone 235/216! Rebound potential!  CRWD is down more than 38% since the Cloud Chart sell signal on the 4H CCT.










Major support zone on the weekly CC, between 240/224 & 213 potential rebound zones!




Wednesday 24 July 2024

Nasdaq 100: NDX Concentration risk rapidly materialised as the NDX vs NDXE became very top heavy in FOMO tech trade!

 Nasdaq 100: NDX Concentration risk rapidly materialised as the NDX vs NDXE became very top heavy in FOMO tech trade! Question now becomes if the Q2 earnings season will provide enough positive support for the market to have a healthy sector rotation? Critical earnings season ahead!




S&P500 SPY ETF on its way to test support at the top end of the Cloud 542/540 zones! Potential rebound zone!

 S&P500 SPY ETF on its way to test support at the top end of the Cloud 542/540 zones! Potential rebound zone! SPY  consolidating after becoming quite extended from the top end of the Cloud! 



NDX100: Fighting hard for support at the top end of the Cloud! Rebound potential if support holds at 19268! Downside risk: 19000!

 NDX100: Fighting hard for support at the top end of the Cloud! Rebound potential if support holds at 19268! Downside risk: 19000!

The index is having a much needed correction after becoming quite extended from key Cloud Chart support zones!



 

Friday 5 July 2024

Nasdaq 100 Index: Getting closer to next 20545 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum!

 Nasdaq Composite Index: Getting closer to next  20545 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum! Next targets are  20545/ 21380! Beware any P&F chart reversals that can signal the end of the current rally!




Nasdaq Composite Index: Getting closer to next 18600 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum!

 Nasdaq Composite Index: Getting closer to next 18600 P&F chart target as the AI & Conspicuous Consumption Bubble Gains Momentum! Next targets are 18600/19193/19355 and 19548! Beware any P&F chart reversals that can signal the end of the current rally!





Monday 1 July 2024

Bitcoin BTC: Rebound rally upside targets 68K/70K. Cloud Chart & AI Trad...

Bitcoin: Strong P&F chart rebound with upside targets of 69864/77173! Upside P&F chart targets on the 4H P&F chart: 65750/67500/69250 and an eye popping 70500/71750!

 Bitcoin: Strong P&F chart rebound with upside targets of 69864/77173! Beware any P&F chart reversals to signal the end of the trend in and around upside targets!









Upside P&F chart targets on the 4H P&F chart: 65750/67500/69250 and an  eye popping 70500/71750! 









Downside risk targets are 58000/57000/55500 once activated on the P&F chart.