Friday 28 February 2020

FTSE100: Hit targets, next one is 6618!

FTSE100: Hit targets, next targets are : 6618/6618! Looking at key support levels for a potential technical rebound!


FTSE100 is now down more than 800 points since the sell signal. Its been a great short!

Xetra Dax: Hitting downside support targets! Next levels:11961/11745

Xetra Dax: Hitting downside support targets! Next levels:11961/11745
On its way to look for support at old cloud chart support zones! 
DAX is down more than 1500 points since the sell signal! Its been a great short!

DJI: Dow Jones index hit downside targets, next targets:25428/25099!

DJI: Dow Jones index hit downside targets, next targets:25428/25099! Old cloud chart support zones being tested!
Dow is down more than 3500 points since the sell signal!

S&P500 Index met downside targets, next target: 2923!

S&P500 Index met downside targets 3100 and then 3005! Next target: 2923, bottom end of the historic cloud is a key support zone! So far the SPX is down more than 395 points since the sell signal!

Wednesday 26 February 2020

S&P500: Correction underway, downside support targets:3101/3057

S&P500: Correction underway, downside support targets:3101/3057, key cloud chart support levels on the weekly cloud chart!

S&P500 is down more than 270 points since the sell signal!

Xetra Dax: Fighting for support at major cloud support zone:12626!

Xetra Dax: Fighting for support at major cloud support zone:12626! Downside risk to 12405 if support fails.




FTSE100:Correction underway with next target 6618!

FTSE100:Correction underway with next target 6618!

The FTSE100 is testing support at bottom end of the cloud shadow at 6985! If support fails then the next target is 6618! Looking out for a short-term support rebound around the current zone! time will tell!

Looking out for a short-term support rebound around the current zone! Time will tell!


Tuesday 25 February 2020

Xetra Dax 30: Lost support at bottom cloud! Correction underway!

Xetra Dax 30: Lost support at bottom cloud! Correction underway! Index is down more than 700 points since sell signal!
Lost support at bottom cloud support zone. Downside risk towards 12877/12626!




Need to see the index back above the cloud, but since price action is below the cloud it is overall bearish!

FTSE100: Make or break week, fighting hard for support at 7132 cloud chart zone!



FTSE100: Make or break week, fighting hard for support at 7132 cloud chart zone on weekly cloud chart! Expect a rebound here if support holds, if not, then more downside to come as this is a critical cloud chart support zone!


FTSE is down more 500 points since the sell signal above the cloud!

S&P500 Index: Correction underway with 3205 key cloud chart support zone!

S&P500 Index: Correction underway with 3205 key cloud chart support zone at the bottom end of the cloud!

Expect a rebound from the 3200 zone!

DJI: Dow Jones correction underway with 27791 support zone!

DJI: Dow Jones correction underway with 27791 support zone!

Much needed consolidation underway with 27791 as a key cloud chart support zone!



Potential rebound from key support zone back up to bottom cloud chart resistance zone! 

Thursday 20 February 2020

Bitcoin: BTCUSD Much needed profit taking underway!

Bitcoin: BTCUSD Much needed profit taking underway after a strong rally since December!


NDX Nasdaq-100 index bit extended on a weekly chart basis! Consolidation risk remain high here!

NDX Nasdaq-100 index bit extended on a weekly chart basis! Consolidation risk remain high here!



SMI signal fired, next catalyst is the MACD. Consolidation risk remain high here!

Dow Jones Index DJI moving into profit taking zone on weekly chart basis!

Dow Jones Index DJI moving into profit taking zone on weekly chart basis!

Early indications are that the DJI is due a consolidation after this strong rally into the new year!

The SMI signal is activated, next one to watch is for the MACD sell signal!


Tuesday 11 February 2020

BTCUSd: Bitcoin reached the upside cloud chart resistance target!

BTCUSD: Bitcoin reached the upside cloud chart resistance target! BTC is having a hard time to break past top end cloud chart resistance! Downside risk remain high if BTC can't break past this top end cloud chart resistance!

Consolidation risk remain high here!

Tuesday 4 February 2020

Monday 3 February 2020

DJI: Dow Jones Index on its way to test support at the top end of the cloud!

DJI: Dow Jones Index on its way to test support at the top end of the cloud! Key level to watch 28175/27791!


Expect a possible rebound at bottom end cloud support. Index is down more than 1000 points since the sell signal!