Thursday 31 January 2019

DJI, S&P500 and NDX now at key resistance levels!

DJI,  S&P500 and NDX now at key resistance levels!

DJI now trying to breakout past key old resistance level! Critical week ahead!
So far its been a good little rally from key support, to now at key resistance!


S&P500: Fighting resistance at a key level 2681.Critical week ahead to see if we get a sustained breakout at this level!




NDX Nasdaq 100 Index: Close to key resistance zone  of 6807! Its been a strong counter trend rebound from old lows, but now close to key resistance zone! Need to see a sustained breakout from these levels!

Friday 25 January 2019

NDX100 Nasdaq Cloud Chart trading market review. 2019 01 25

GBPUSD: Rally running into old cloud chart resistance at 1.3123!

GBPUSD: Rally running into old cloud chart resistance at 1.3123!

GBPUSD is up strongly after a rebound from cloud chart support at top end of the cloud!
Looking to take profits here after the earlier MACD buy signal!


Wednesday 23 January 2019

TQQQ Cloud Chart Trading Review 2019 01 23

Bitcoin BTCUSD: Still stuck below the cloud chart resistance!

Bitcoin BTCUSD: Still stuck below the cloud chart resistance!

Downtrend remain in place as BTC is not getting past the cloud chart resistance at the bottom end of the cloud resistance zone at 3784! The next key resistance zone is the top end of the cloud at 4866! That is the upside target if BTC breaks past cloud resistance!


The long-term trend remain down since price action is below the  cloud. The downside targets on the weekly chart are :3156, 2705 and then 1661.

BTC not going anywhere in a hurry as they say!

Monday 21 January 2019

FTSE100: Getting closer to top end cloud chart resistance:7010

FTSE100: Getting closer to top end cloud chart resistance:7010

If resistance holds at this zone then we will have another leg down. Overall price action is below the top end cloud chart level and this is bearish!

Need that cloud chart breakout, if not then another leg down!

Critical week ahead!


Xetra Dax: Fighting cloud chart resistance at bottom end of the cloud!

Xetra Dax: Fighting cloud chart resistance at bottom end of the cloud!

The Dax having a hard time to get past cloud chart resistance. If resistance holds at 11195, then we will have another leg down.

If the Dax can break past this cloud chart resistance at 11195, then the next target will be the top end cloud  chart resistance at 11280.

Price action below the cloud remain overall bearish!


Thursday 17 January 2019

S&P500 Index: Getting close to key cloud chart resistance zone! Critical week ahead!

S&P500 Index: Getting close to key cloud chart resistance zone! Critical week ahead!

After more than a 10% rally since rebounding from old cloud chart support levels the index is now close to the bottom end of the weekly cloud chart resistance zone of 2644!
Critical week ahead to see if the index will breakout past this level, or reverse lower if resistance holds.

Remain long for now, but if cloud chart resistance holds, then will be reversing position and going short.





Key risk is that since price action is below the cloud chart level it is overall bearish on both the daily and weekly cloud chart.


Tuesday 15 January 2019

GBPUSD: May Day, make or break day! Fighting cloud chart resistance!

GBPUSD: May day, make or break day! Fighting cloud chart resistance!

GBP is fighting hard to get past key cloud chart resistance at 1.2867 top end cloud chart resistance zone!


Make or break day, we need to see a breakout past this resistance zone! Critical few days ahead to see if resistance holds here! Downside risks remain high here at cloud resistance!

Monday 14 January 2019

TQQQ: Fighting resistance at 42 cloud chart zone. (Up 30+ since support rebound)

TQQQ: Fighting resistance at 42 cloud chart zone. (Up 30+% since support rebound)

TQQQ managed to rebound from old cloud chart support levels. The index is up 33% since the rebound buy signal at cloud support around $31.  It is now close to the $42 cloud chart resistance zone on the 4hour cloud chart.


On the daily cloud chart the TQQQ is fighting resistance at the cloud chart base line! Need to see a breakout past this level, and then the next stop will be the bottom cloud resistance zone!
Critical week ahead.


FTSE100: Cloud Chart resistance zone keeps FTSE in bear market mode!

FTSE100: Cloud Chart resistance zone keeps FTSE in bear market mode!

Price action is still below the cloud and that confirms the overall bearish outlook.
The FTSE100 is now fighting cloud chart resistance at the bottom end of the cloud!



If resistance holds, then we heading another leg down!




FTSE250 XIT Close to cloud chart resistance zone!

FTSE250 XIT Close to cloud chart resistance zone!

After a strong rebound at old cloud chart support levels, the FTSE250 is now close to the bottom end of the  cloud chart resistance zone! If resistance holds then the index will continue its downtrend since price action is below the cloud.


Key resistance zones are indicated on the weekly cloud chart!

The cloud remain a key resistance zone in this overall bear market. the index dropped about 20% since the cloud chat sell signal, and then  rebounded from the old support zone!



Friday 11 January 2019

Xetra Dax 30: Getting closer to cloud chart resistance zone at bottom end of the cloud: 11096!

Xetra Dax 30: Getting closer to cloud chart resistance zone at bottom end of the cloud: 11096!

Reversal risk at this cloud chart resistance zone!

FTSE100: Rally nearing key cloud chart resistance at 7016 zone!

FTSE100: Rally nearing key cloud chart resistance at 7016/7060 resistance zone.

Bottom of the cloud is a major resistance zone in this overall bear market downtrend.
Need to see price action breakout past cloud chart resistance!
Cloud chart resistance zone is a potential short selling zone for the FTSE100.





Watching the resistance levels at 6993/7016 for potential reversal of the 60min trend.






WTI crude rebounded from cloud support, but now close to key cloud chart resistance zone!

WTI crude rebounded from cloud support, but now close to key cloud chart resistance zone!

WTI rebounded from old cloud chart support levels of $44 zone! WTI is now getting closer to the bottom end cloud chart resistance zone as well as an old cloud chart support zone, that is now new resistance around the $54 level!
Need to see a breakout past this level! Reversal risk if cloud chart resistance holds.


Monday 7 January 2019

FTSE100 & Xetra Dax 30 Index Cloud Chart Review

S&P500: Cloud chart buy signal on 4H chart!

S&P500: Cloud chart buy signal on 4H chart!

We have a rally, there is a weak cloud chart buy signal on the 4H cloud chart. Target is the bottom end of the  cloud resistance zone on the daily chart.   So far so good.!


Friday 4 January 2019

FTSE100: Fighting resistance at key cloud chart level!

FTSE100: Fighting resistance at key cloud chart level: 6756 on 60min chart. Price action is above the cloud and that is bullish on 60min chart. Next level 6804 if the FTSE manges to break past this cloud chart resistance level of 6756

Outlook remains bearish on both the daily and weekly cloud chart! Key support level to watch is the 6617/6678 support zone for a potential relief rally.


Shorting the rallies remain a key strategy since the initial sell signal above the cloud at 7636!

Downside targets on the weekly cloud chart are 6459/6315!

Xetra Dax close to key cloud chart resistance zone on 60m chart!

Xetra Dax close to key cloud chart resistance zone on 60m chart. Need to see a breakout past top end cloud chart resistance of 10560!



Long-term out look remain bearish since price action is below the cloud, and the cloud is a major resistance zone! A key level to watch for a potential rebound is around the 10370 zones.



Thursday 3 January 2019

Apple down 9% after profit warning! AAPL lost 35% since cloud chart sell signal!

Apple down 9% after profit warning! AAPL lost 35% since cloud chart sell signal!

Price action is below the cloud and that indicates a long-term bear market is in place for now.

Wednesday 2 January 2019

Bitcoin BTC. January 2nd 2019 Cloud Chart Review

S&P500 January 2nd 2019 Cloud Chart Market Review

GBPUSD: Bear market continues into the new year!

GBPUSD: Bear market continues into the new year!

GBPUSD price action still below both the daily and weekly clouds! Bottom end of the cloud is a key resistance zone, and also confirms the overall bear market that GBPUSD is in.

Key levels in the daily chart to watch are: 1.2815/1.2798 as key resistance zones! GBPUSD needs to break past the 1.2867 zone , above the cloud to be in a new uptrend.
Key support level to watch is 1.2444.

The 1.2815 level is a major resistance level on a weekly chart now since GBPUSD lost support at this level! Downside target is 1.2444 at the bottom end of an old cloud chart support zone!
The GBP might rally on any news relating to Brexit, but it can be short lived when it gets to the bottom end of the cloud  chart resistance zone!