Cloud Chart Trader: January 2020

Tuesday 28 January 2020

S&P500 Index: Much needed consolidation underway after strong rally!

From a cloud chart perspective the index is on its way to test support at the top end of the cloud support zone of 3205!

Healthy correction underway!

DJI: Dow Jones Index consolidating, now close to front cloud support zone!

DJI: Dow Jones Index consolidating, now close to front cloud support zone of 28348!
Undergoing a much needed correction after a strong rally since Q4 2019!

Top end of the front cloud is the next key support zone!

Thursday 16 January 2020

Tesla TSLA up 119% since cloud chart buy signal! Now in profit taking zone!

TSLA looks a bit extended now after a strong rally over the last 70+ days!
TSLA in profit taking zone with front end of the cloud as key support zones at 465/432!

Wednesday 15 January 2020

Bitcoin BTCUSD battling cloud chart resistance at 8510 zone!

Bitcoin BTCUSD battling cloud chart resistance at 8510 zone!

BTS is fighting hard to stay above the bottom end cloud chart resistance zone! If BTC manages to hold support here the next target is 10114 the top end of the cloud!

The risk is that the front end of the cloud is indicating that a new downtrend is emerging! If support fails here, and BTC cant stay above 8510 cloud chart zone, then its heading lower! Critical week ahead!

Nasdaq 100 in profit taking zone! Trade deal profit taking!

Nasdaq 100 in profit taking zone! Trade deal profit taking!

Buy the rumour sell the fact, the NDX is now in profit taking zone after a strong rally!

Monday 13 January 2020

FTSE100: Consolidating after a strong rally! Close to key resistance!

FTSE100: Consolidating after a strong rally! Close to key resistance of 7686, with old cloud chart chart support at 7574! Consolidation risk remain high here after recent rally!

Xetra Dax: Broke out of a base, need to see the follow-through!

Xetra Dax: Broke out of a base, need to see the follow-through!

Top end of the cloud is a major support zone! Key levels to watch for support to be tested are : 13402/13287 and the front top end of the cloud at 13216! Downside risk remain high!

Wednesday 8 January 2020

BTCUSD: UP 25% since rebounding from old support! Now at weekly cloud chart resistance!

At critical resistance zone, need to see a breakout past bottom cloud chart resistance at 8510!

Consolidation risk remain high here at these key resistance zones!

BTC managed to break past top end cloud chart resistance at 8195! Now need to see this level become a new support zone! Consolidation risk remain high after a 25% rally and the most recent buy signal at 6617!