Tuesday, 30 October 2018

TQQQ: Fighting hard for support at bottom end of cloud!

TQQQ: Fighting hard for support at bottom end of weekly cloud chart support zone at $47.

The TQQQ rebounded from old support low of 44.47! It is now fighting for support at bottom end of the weekly cloud! We need to see a rebound at this level! If the TQQQ trades below the cloud that will be bearish.


The daily chart is already below the cloud, and the outlook is bearish. Support levels being tested are 44 to 47!


I am looking for a rebound at the 44/47 support zone into the year end!




DJI Dow Jones 30 Index: Downside risk to bottom cloud support zone on weekly cloud chart!

DJI Dow Jones 30 Index: Downside risk to bottom cloud support zone on weekly cloud chart!

DJI lost support at a critical level above the weekly cloud! Now there is downside risk towards the bottom end cloud chart support level of 23498! Will be interesting to see if the DJI can find support at old lows of 23997!



Price action is still below the daily cloud chart and this is overall negative! The DJI is now down 2174 points since the sell signal above the cloud!
Levels to watch on the daily are 24216, and 23700 for potential support!


Friday, 26 October 2018

Dow Jones 30 Index: DJI fighting hard for support at top end of weekly cloud!

Dow Jones 30 Index: DJI fighting hard for support at top end of weekly cloud!

Rebound potential from this top cloud chart level if support holds!



Price action is still negative on a daily chart because its below the cloud! The short-term opportunity is for a rally back up to the bottom end of the cloud if support comes in at the key cloud chart support levels! There is a significant cloud chart shadow support level at 24469! Rebound potential!



Turning to the 60 min chart, the bottom end of the cloud remains a key resistance zone on this downtrend. Can see a move down to 24909, and then a rebound from that level!


Critical week ahead for the Dow to rebound from top end of the weekly cloud!


Thursday, 25 October 2018

TQQQ: Lost support at key cloud chart levels!

TQQQ: Lost support at key cloud chart levels!

On the daily chart the TQQQ did not manage to hold support at $54 after the first rebound back up to the bottom end cloud chart resistance of 61.85.

Support failed after the second test of the 54 zone, and then the 52 zone failed as well. Now the TQQQ is getting closer to the 47.71 old cloud chart support zone! Critical day ahead!

Outlook remain bearish since price action is below the cloud!

On the weekly cloud chart the TQQQ tested the top end cloud support zone of 52.42. but support failed at this level. Next target for support is at the bottom end of the cloud level of 47.42!

We need to see a rebound at these levels, for it the TQQQ starts to trade below the bottom end of the cloud, this will be overall bearish for the weekly chart! Critical few days ahead!




Wednesday, 24 October 2018

Brent Crude: Testing support at top end of the cloud:$76!

Brent Crude: Testing support at top end of the cloud:$76!

Fighting hard for support at the top end of the cloud. Downside risk towards $75 bottom end of the cloud, and fail that, $72 if support does not hold.





Trend is down for now since the cloud chart sell signal at the top end of the cloud!

Short-term rebound potential at key support levels from a technical retracement perspective.




Light Crude Oil: Lost support at cloud level, next level to test $63.81!

Light Crude Oil: Lost support at cloud level, next level to test $63.81!

Consolidation underway after sell signal above the cloud at 7$2. WTI did not find support at the bottom cloud level of 68.60, but sliced right past it, towards next cloud level of 67.06. Now close to testing support at old cloud chart support levels of 65.95.




Downside risk towards old cloud chart support level at bottom end of the cloud at 63.81! Rebound potential at this level!

Lots of cloud cross sell signals triggered on the 60 min chart. Short term swing trades towards bottom end cloud resistance zone!




Tuesday, 23 October 2018

G10FX Cloud Chart Trading FX Market Review: 23rd October 2018

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

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

SPX fighting hard to regain support at key cloud chart shadow levels of 2777 and 2762! There is downside risk towards next key support level of 2693! Price action is below the cloud and this is bearish.



Short-term swing trade possible from support level back up to bottom end cloud chart resistance zone!


Downside risk towards the top end of the cloud on the weekly cloud chart level of 2693!
Price action is still above the cloud on the weekly chart, and that's bullish.


Monday, 22 October 2018

Xetra Dax: Rebounding from cloud support, but downside risks remain!

Xetra Dax: Rebounding from cloud support, but downside risks remain!

The Dax rebounded from old cloud chart support levels at the 11567 zone! But price action is still below the cloud, and that's overall bearish from a cloud chart perspective.

Long-term outlook is bearish since price action is below the cloud on both the daily and weekly cloud chart! The cloud chart cross sell signal was up at 12600 zone!


The bottom end of the cloud is now a major resistance zone!

Lookin at the 60 min chart, the short-term swing trade here is the rebound from the 11567 support zone , back up to the bottom cloud chart resistance zone!



Resistance levels to watch are 11731. then if the Dax breaks past that, then the 11846 zone!




FTSE100: Rebounding from old cloud chart support, but risks remain!

FTSE100: Rebounding from old cloud chart support, but downside risk remain since price action is below the cloud.

Long-term outlook: holding cash better position now since price action is below the cloud! That confirms the bear case. The initial sell signal was at 7700 zone! And a second one at the cloud cross at 7600.


Short-term outlook: Short-term rally back up to bottom cloud chart resistance, but its a counter trend trade, in a overall downtrend.


Cloud chart rebound buy signal at 7010 support zone!
Upside targets: 7220/7328

Top end of the cloud is the next resistance zone on 60min chart: 7104!

Wednesday, 17 October 2018

Brent Crude: On its way to test cloud chart support zone!

Brent Crude: On its way to test cloud chart support zone at top end cloud chart level of 79.42/78.53 support zone!

Critical level to watch for a rebound! If support fails then we heading to the bottom end cloud chart support zone!

On the 60 min chart, brent crude is fighting hard for support. Price action is below the cloud, and that's negative. Need to see support come in here, if not, more downside to come!



SPX S&P500: Rebounded from support and now at bottom end cloud chart resistance zone!

SPX S&P500: Rebounded from support and now at bottom end cloud chart resistance zone!

S&P500 index fighting the bottom end cloud chart resistance zone! Need to see a breakout past this level! Downside risk remain in place if the SPX remains below the cloud! That's overall negative!


Looking at the 60min chart, the SPX is fighting to get past bottom cloud chart resistance! Can see support come in at the 2762 zone and then a rebound from there!




TQQQ finally rebounded from cloud support zone at $52/54!

TQQQ finally rebounded from cloud support zone at $52/54!

The TQQQ rebounded from old cloud chart shadow support levels at bottom end of the cloud at $54/$51.99.
Next resistance zone is bottom end of the front cloud resistance zones at 66.34, and then 69.50!

So far so good!


Tuesday, 16 October 2018

EURUSD: Rebounding from top end cloud chart support zone!

EURUSD: Rebounding from top end cloud chart support zone at 1.1544 support zone.

Front end of the cloud gives an indication of the key support levels in this uptrend.

Resistance target is set at 1.1751!


 On the 60 min chart a key support level to watch is 1.1572!
Price action is above the cloud, and that is positive.

GBPUSD: Fighting hard for support at top end of 60min cloud chart!

GBPUSD: Fighting hard for support at top end of 60min cloud chart!

GBPUSD fighting for support at top end cloud chart level of 1.3168 on 60 mins chart. If support holds can see more upside!


Looking at the daily cloud chart, price action is above the cloud, that's bullish, with top end cloud chart levels are key support zones: 1.3108, and 1.2921.


Upside resistance levels are at 1.3223/1.337!

S&P500 SPX fighting hard for support at old cloud chart support levels!

S&P500 SPX fighting hard for support at old cloud chart support levels!



On the 60m min chart there is the potential for a rebound back up to the bottom end cloud chart resistance zone!



Critical week ahead!


Xetra Dax 30 index: Slow grind after finding support at old lows!

Xetra Dax 30 index: Slow grind higher after finding support at old lows! Price action is below the cloud, and increases downside risks.



Short term swing trade back up to the bottom end of the cloud chart resistance zone.

FTSE100: Trying hard to rebound from old support lows!

FTSE100: Trying hard to rebound from old support lows! Downside risk remain since price action is below the cloud!



Swing trade possible from support lows back up to bottom end of the cloud chart resistance level on 60 mins chart.


Thursday, 11 October 2018

TQQQ Fighting hard for support at cloud chart support zone: $54

TQQQ Fighting hard for support at cloud chart support zone: $54.

Potential rebound zone if support comes in at the $54 zone!


Downside risk towards top end cloud chart support zone on the weekly chart remain in place.
Key levels to watch are $52.37, $51.47 support zones!



FANG stocks chipped teeth after 14% correction!

FANG stocks chipped some teeth after 14% correction!

NYSE FANT TM stocks index corrected more than 14% since the cloud chart sell signal at the top end of the cloud!



Now its getting closer to old cloud chart support lows of 2467 support zone!

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SPX S&P500 index closes to key cloud chart support zone 2777

SPX S&P500 index closes to key cloud chart support zone 2777.

S&P 500 index lost support at the top end of the cloud, and then sliced past bottom cloud support! Index is now close to a key rebound zone of 2777!

Price action is below the cloud and that is bearish. Critical that the index regains cloud support level, if not then there is more downside to come!


Xetra Dax lost support at critical 11868 level!

Xetra Dax lost support at critical 11868 level! Next downside support target is 11567!


Index is down more than 1000 points now since the initial cloud chart sell signal.

Short-term relief rally possible when support comes in at the weekly cloud chart support zone!

FTSE100: Consolidation underway with 7137 next support level!

FTSE100: Consolidation underway with 7137 next support level! The FTSE continued the downtrend after reversing at the 7505 resistance zone!

The weekly cloud chart level of 7137 is a key support zone to be tested! Critical for the index to find support here.



Price action remains below the cloud and the front end of the cloud so far still confirms the bearish outlook.
The index is down more than 400 points since the initial cloud chart sell signal.


Monday, 8 October 2018

DJI Dow Jones 30 Index consolidation risk remain after strong rally!

DJI Dow Jones 30 Index consolidation risk remain after strong rally!

Expect a consolidation back town to the top end of the cloud chart support zone! Key support levels to watch are 26208/26107!





On the hourly chart, price action is below the cloud, and this is negative.  Key support levels to be tested are 26608/26107!



FTSE100: Reversed lower after hitting cloud chart resistance:7505 zone

FTSE100: Reversed lower after hitting cloud chart resistance:7505 zone!

Downside support targets to be tested are 7272/7220 zones.


Price action is below the cloud, and that's bearish!


Xetra Dax30 Index: heading lower after hitting cloud chart resistance!

Xetra Dax30 Index: heading lower after hitting cloud chart resistance at 12463 zone!

Next support targets are 12068/11868!




Price action is below the cloud, and this is overall bearish!




Tuesday, 2 October 2018

Brent Crude broke past key cloud chart resistance zone:$80.45

Brent Crude broke past key cloud chart resistance zone:$80.45 on the weekly cloud chart. Expect 80.45 zone to be tested for new support zone! Price action is above the cloud and this confirms the uptrend.  Consolidation risk to top end cloud chart support zones!









On the daily chart Brent crude broke past the old high resistance levels of 80.49, can expect this old high level to be tested for new support!