Tuesday 25 January 2022
Nasdaq Composite IXIC: A FAT reversal at a cluster of cloud chart support zones! Follow on price action today could signal the start of a new rally!
Nasdaq Composite IXIC: A FAT reversal at a cluster of cloud chart support zones: 13143/13303! Follow on price action today could signal the start of a new rally! But beware outlook still bearish since price action below the cloud! Rebound potential back up to bottom end cloud chart resistance zones!
S&P500: Strong rebound from key cloud chart support zone at 4225!
S&P500: Strong rebound from key cloud chart support zone at 4225! Follow on price action confirmation today could signal that there is a relief rally coming!
Very positive candle price action at the cloud chart support zone of 4225!
Monday 24 January 2022
Nasdaq 100 Close to next 13800 point & figure target! NDX down more than 15% since the sell signal!
Nasdaq 100 Close to next 13800 point & figure target! NDX down more than 15% since the P&F sell signal! Not far from P&F trend line support zone!
S&P500 down more than 7% since the P&F chart sell signal! Close to next 4325 downside P&F target!
S&P500 down more than 7% since the P&F chart sell signal! Close to next 4325 downside P&F target! There is another target of 4175, but there is a major P&F trend line support zone that could provide some support!
Need to see a 75 point reversal to the upside for the index to resume the Q1 uptrend.
Nasdaq Composite Down more than 12% since the P&F sell signal! Correction hitting downside P&F chart targets!
Nasdaq Composite Down more than 12% since the Point and figure (P&F) sell signal! Correction hitting downside P&F chart targets of 14400/14250 and 13900! Next one is just below the P&F trend line support zone of 13250!
Looing out for trend line support test and potential rebound zone at these trend line support zones! A 150 point reversal to the upside can signal the end to the current correction!
Friday 21 January 2022
Peloton: PTON losing some fat! Down 80% since the Cloud Chart sell signal!
Peloton: PTON Down more than 80% since the cloud chart sell signal!
Cloud Charts are a great way to manage risk! Any price action below the cloud remains bearish! Winning with Cloud Charts!
Wednesday 19 January 2022
Friday 14 January 2022
Wednesday 12 January 2022
S&P500 Rebounded from key cloud chart support zones! So far so good!
S&P500 Rebounded from top end cloud chart support zones! So far so good!
S&P500 rebounded from a key cloud chart support zone on the 4 hour chart as well as the top end cloud chart levels. So far so good. As long as the S&P500 keeps trading above the bottom end cloud chart support zone the rally remains ok. But any price action below the cloud will change the outlook from bullish to bearish.
Nasdaq Composite: Fantastic rebound from key cloud chart support levels.
Nasdaq Composite: Fantastic rebound from key cloud chart support levels. Now the NDX Comp needs to break past the bottom end cloud chart resistance zone! Not out the woods yet! Price action needs to get back above the bottom end cloud chart support zone for the outlook to change back to bullish on the cloud chart!
Monday 10 January 2022
Friday 7 January 2022
Nasdaq Composite: Bearish outlook remains in place as long as its trades below the bottom end of the cloud!
Nasdaq Composite: Bearish outlook remains in place as long as its trades below the bottom end of the cloud!
Thursday 6 January 2022
Wednesday 5 January 2022
Tuesday 4 January 2022
Subscribe to:
Posts (Atom)