Xetra DAX: Testing support at old cloud chart level, but long-term trend is bearish!

Xetra DAX: Testing support at old cloud chart level, but long-term trend is bearish!

• Dax testing support at old cloud chart support level of 10370, but the price action is below the cloud and overall long-term bearish!
• Short-term swing trade possible back up to the bottom end cloud level or 11567/11280 resistance zones! (provided support holds at key levels)

Bottom end of the cloud on the daily chart of 11280 is a key resistance zone in the current down-trend.

• Swing trade opportunity here if support holds, back up to cloud resistance. 
• Downside risk towards 10370/10059 remain in place.
• Dax is now down more than 2300 points since the initial sell signal on a cloud chart basis! A Tasty short as they say!

FTSE100: Testing support, but long-term trend remain bearish!

FTSE100: Testing support, but long-term trend remain bearish!

• FTSE100 is showing some positive signs of support at key old cloud chart support zones of 6678/6617. 
• Downside risk towards 6459/6315 remain in place.
• Price action is below the cloud both on daily and weekly chart, and this confirms the bearish outlook. Short-term swing trade possible back up to the bottom of the cloud chart as well as 7137  resistance zone. 

  The FTSE100 index is now down more than  900 points since the initial sell signal! A tasty short, as they say!
Any relief rally will be used to short the index again at key resistance zones!

Nasdaq100: Rebounding from support, but not out the woods yet!

S&P500: Rebounded from support, but not out the woods yet!

S&P500: Rebounded from support, but not out the woods yet!

S&P500 index found support at old cloud chart support zone from back in June 2017! Now the upside potential is up to the bottom end cloud chart resistance zone! 

Big picture remain bearish since price action is below the cloud on both daily and weekly cloud charts!

We not out the woods yet, we need to see the price action taking place above the cloud on the 60min chart to start seeing the early signals of a new uptrend. Critical weeks ahead!

Short-term bullish up to bottom end cloud chart resistance zone!

But daily and weekly remain bearish!

S&P500 Index: 2350 next downside P&F chart target!

S&P500 Index: 2350 next downside P&F chart target!

S&P500 on its way to test P&F chart trend line support at between 2400/2425. The 2350 target remains in place, and is just below the initial trend support zone.

It is a 25X3 P&F chart and this implies that if the S&P500 reverses by 75 points to the upside we can then see a trend back up as its expected to rebound from P&F trend line support zone!

German Xetra Dax Index: Downside P&F chart targets-10400/10300

German Xetra Dax Index: Downside P&F chart targets-10400/10300

The P&F chart is locked in a downtrend, with the trend lines as key resistance zones!
It is a 100X3 P&F chart and a 300 point reversal to the upside will revers the trend to the upside trend resistance lines!

Downside risks remain high!

FTSE 100: Downside P&F chart targets: 6400/6200!

FTSE 100: Downside P&F chart targets: 6400/6200!

FTSE 100 index in a downtrend based on P&F chart targets. Downside trend lines are key resistance zones!  

It is a 50X3 P&F chart so a 150 point reversal to the upside will signal the end to the downtrend on this chart, but that will only last back up to the trend resistance lines. Trend remain down for now!

S&P 500 index cloud chart analysis: Bears are running wild!

Dow Jones 30 Index: Trading below the cloud, bear market in place!

Dow Jones 30 Index trading below the bottom end support of the weekly cloud. This confirms the bear market. Downside risk towards 23236/22669.

Need to see support come in and the price to trade back above the bottom end of the cloud to be bullish! The bears are winning this one for now!

Any short-term relief rally will run into resistance at the bottom end of the cloud!

Weekly cloud chart outlook: Bearish!
Daily cloud chart outlook: Bearish!

FTSE100: Roaring bear running this index!

FTSE100: Roaring bear running this index!

Index is down more than 800 points since the sell signal! FTSE fighting to fund support at old cloud chart lows of 6678. Downside risk if support fails to 6617/6459 and 6315!

Price action below the cloud confirms bear market!

German DAX Index: Remains locked in a downtrend!

German DAX Index: Remains locked in a downtrend!

Index is now down more than 1800 points since the most recent cloud chart sell signal when it lost support at a key cloud chart level!

Key levels to watch for potential support are: 10785/10721. If support fails here, then the next downside targets are 10863/10059!

If we get a rebound at key support, then the upside targets are the bottom end of the cloud chart resistance zone!

DJI- Dow Jones 30 Index Cloud Chart Market Review

Nasdaq 100 NDX cloud chart trading review.

FTSE 100: Fighting cloud chart resistance!

FTSE 100: Fighting cloud chart resistance at the top end of the cloud!

Significant resistance at 6900 zone now on the 60min chart. Key support levels to watch are 6790/6769. Front end of the cloud is encouraging but we need to see price action above the cloud to get excited about the FTSE100.

Xetra Dax 30 Index: Fighting cloud chart resistance!

Xetra Dax 30 Index: Fighting  cloud chart resistance!

The Dax is digging deeper into the cloud chart resistance on a 60min chart. Top end of the cloud remain a key resistance zone. Need to see a breakout past these levels.

Key support zones to keep an eye on are 10785/10721 for potential rebound from these support zones!

Not out the woods yet, but front end of the cloud indicate that we might see more upside as support comes in at bottom end of the cloud!

Price action on the daily is still below the cloud, and that is the bearish risk!