NDX new high but NDXE lags in performance!

NDX new high but NDXE lags in performance!

Nasdaq 100 made a new high, now need to see a follow-through of this move! Consolidation risk remain high at this old high resistance level!

NDXE Nasdaq equal weighted index still lags behind and did not make a new high! This highlights increased consolidation risk in this market!

TQQQ: Trading closer to old high resistance of 63.51!

TQQQ: Trading closer to old high resistance of 63.51!

So far had a strong rally since breaking past cloud chart resistance! Regained price above cloud, now on its way to fight old high resistance!

Nasdaq Comp: IXIC close to old high resistance zone!

Nasdaq Comp: IXIC close to old high resistance zone! Consolidation risks remain high at these levels. Now in initial profit taking zone!
Could see some consolidation over the summer seasonal period.

Xetra Dax: Fighting cloud chart resistance at top end of cloud!

Xetra Dax: Fighting cloud chart resistance at top end of cloud!

At a critical level, top end cloud chart resistance is the next level to break past. Consolidation risk remain high at these levels if the resistance holds!

FTSE 100: Consolidating after hitting high!

FTSE 100: Consolidating after hitting high! We not seen a sustained breakout past old highs. Consolidation risk remain high at these levels, towards to the top end cloud support zone!

Looking out for the sell signal over the summer from a cloud chart perspective, but we have already seen the MACD trigger a sell signal on the daily chart!

Holding a summer short position!

DJI: Critical week ahead as the Dow is fighting for support!

DJI: Critical week ahead as the Dow is fighting for support at the top end of the cloud. Will see where the index closes today, but next week will be a critical week!

So far support is holding at the top end of the cloud.