Thursday 31 May 2018

S&P 500: Fighting for support at key cloud chart level!

S&P 500: Fighting for support at key cloud chart level!

The S&P 500 index managed to rebound from support at a key cloud chart level of 2702. Need to see a continuation of this support rebound!
If support fails at this level, we can see downside towards the next key cloud chart support zone of 2677!

The S&P 500 is still in an uptrend since price action is taking place above the top end of the cloud!

Tuesday 29 May 2018

Bitcoin BTC: Still trading below the cloud, trending down!

Bitcoin BTC: Still trading below the cloud, trending down!
Old lows are key support targets!
Cloud chart resistance remains in place!


Xetra Dax: Consolidating after hitting cloud chart resistance levels.

Xetra Dax: Consolidating after hitting cloud chart resistance levels.  Top end of the cloud is the next key level to test for support.


FTSE 100 Consolidating after making highs!

FTSE 100 Consolidating after making highs! Top end of the cloud is a key support zone to be tested!

Monday 21 May 2018

SPX: S&P 500 So far found support at top end of the cloud!

SPX: S&P 500 So far found support at top end of the cloud!

Critical week ahead, the S&P 500 is moving sideways along the top end cloud chart support zone!
Critical support level to hold, but downside risk remain.

With price action above the cloud its overall positive, but we need to see a follow-through of this cloud chart resistance breakout. Critical week ahead!



FTSE 100: In profit-taking zone after a 9 week rally!

FTSE 100: In profit-taking zone after a 9 week rally!

Broke past old highs and other key cloud chart resistance levels, and now in profit-taking zone after a 9 week rally! Critical week ahead!

Need to see a new support zone being formed around these highs now.

Friday 18 May 2018

BTCUSD: Bitcoin having a hard time to breakout past cloud chart resistance!

BTCUSD: Bitcoin having a hard time to breakout past cloud chart resistance!

The top end of the cloud remain a major resistance level for Bitcoin.
Old cloud chart support levels are key levels to watch for a potential rebound.

The 4 hour chart gives an idea as to where the next key cloud chart support levels are.

Thursday 17 May 2018

FTSE100: Close to key resistance zone 7792!

FTSE100: Close to key resistance zone 7792!

Its been a great little rally form old support levels of 6900, but now we getting close to key resistance zones! Looking to lock in the move since the rally from 6900, and going short for the summer so to speak !


Monday 14 May 2018

Xetra Dax: Broke past top end cloud chart resistance!

Xetra Dax: So far so good, broke past top end cloud chart resistance. The top of the cloud is the new support zone! Old highs next resistance zones!

Front end of the cloud still indicate that there is downside risk to this rally!

FTSE100: Getting close to old high resistance levels!

FTSE100: Getting close to old high resistance levels!

FTSE grinding higher since rebounding from old cloud chart support levels at 6900. Now getting close to old high resistance zone of 7778 , key resistance levels to watch for a consolidation of recent moves.


Friday 11 May 2018

QQQ & TQQQ: Having a rally towards next cloud chart resistance!

QQQ & TQQQ: Having a rally towards next cloud chart resistance!

So far so good, QQQ and TQQQ having a rally after rebounding from old cloud chart support levels!

The QQQ next resistance target is around the 171 resistance zone! It managed to break past old cloud chart resistance at the top end of the cloud! So far so good. Old highs next key resistance zones!

The TQQQ is getting closer to a key resistance level of 170, can see some consolidation there. Old highs are the next key resistance levels.
Top end of the cloud is the new support zone.  So far so good.


Tuesday 8 May 2018

DJI: Dow Jones 30 index: Fighting cloud chart resistance at bottom cloud level!

DJI: Dow Jones 30 index: Fighting cloud chart resistance at bottom cloud level!

Critical week ahead, DJI fighting resistance at the bottom end of the cloud! Need to see a sustained breakout past this level. If that takes place, the next target is the top end cloud chart resistance zone!

Overall price action is below the cloud, which is negative! Critical week ahead to see that resistance zone being tested!


S&P500 Index: Digging into cloud chart resistance!

S&P500 Index: Digging into cloud chart resistance!

SPX index is digging into cloud chart resistance at the bottom end of the cloud! Top end of the cloud is the next key resistance target! Bottom cloud level should now be new support if support holds at this level!

So far so good. but there is still downside risk from there, its a slow grind here!


Xetra Dax: Looking for a breakout past cloud resistance!

Xetra Dax: Looking for a breakout past cloud resistance at top end of the cloud! Currently the DAX is fighting hard to get past cloud chart resistance at the top end of the cloud! If breakout fails, we can dip back into the cloud, but its a critical week for this rally to make a sustained breakout past this cloud resistance zone!


FTSE 100: Fighting hard at key cloud chart resistance zone!

FTSE 100 index fighting hard to break past old cloud chart resistance zone at 7541 zone! Need to see a sustained breakout past this level. Consolidation risk remain at this level, with top end of old cloud chart support as a key support level: 7427!




Thursday 3 May 2018

DJI: Dow Jones fighting hard for support!

DJI: Dow Jones fighting hard for support at old support lows. Potential for a rebound back up to bottom cloud chart resistance zone!
Overall price action is taking place below the cloud, and this is overall negative from a cloud chart trading perspective!

The front end of the cloud still confirms the downtrend that remain in place!


Tuesday 1 May 2018

GBPUSD: Bears out and running wild!

GBPUSD: Bears are running wild with GBPUSD now in a confirmed downtrend since price action is below the cloud. Bottom end of the cloud is now the new resistance zone!

GBPUSD failed to find support at the bottom cloud level, and sliced past key cloud support zone!

Old lows, and old cloud chart levels are the next new support levels it will have to find in the bear market rally!