Friday, 4 April 2025
FTSE100 Index entered a Cloud Chart bear market as it sliced past the bottom end of the Cloud.
FTSE100 Enters Cloud Chart bear market!
FTSE100 Index entered a Cloud Chart bear market as it sliced past the bottom end of the Cloud. Price action below the Cloud is bearish and this is also a "go to cash" signal until the FTSE100 trades back above the Cloud! This comes soon after a few sell signals above the Cloud and this one was the most recent one. Support failed at the bottom end of the Cloud!
Trumps Tariff Trade war in full swing now!
Xetra DAX about to hit the 3rd major sell signal!
Xetra DAX about to hit the 3rd major sell signal!
Xetra Dax Index reached the bottom end of the Cloud Chart support zone! If support/rebound fails at this zone and the Dax starts to trade below the Cloud the market is then in a confirmed bear market!
This will be the 3rd Major sell signal in the index and an critical alert to go to 100% cash in this market if support fails at the bottom end of the Cloud! Make or break week ahead!
SPY ETF hitting downside P&F chart targets!
$SPY hit the 538 P&F chart target as well as the 23.6 FIB retracement target! Getting closer to the next target of 533! Other downside targets are 512/507 and the 38. FIB retracement target of 499 in a 3rd wave down P&F chart move down. Looking out for P&F chart reversal around FIB targets to signal the end of the current trend and a reversal to the upside! Critical week ahead!
$QQQ Hit the P&F chart targets of 473/468/463 and 454!
$QQQ Hit the P&F chart targets of 473/468/463 and 454! Meeting the 23.8 FIB retracement target of 456! Looking out for a P&F chart reversal in around targets to signal trend change. Downside risk towards the next two targets of 424/399 in a 4th wave down on a P&F chart basis that could hit the 38.2 Fib retracement target: 410. Keep an eye out for a P&F chart reversal now that the QQQ is hitting a P&F trend line support zones!
