Bitcoin rebounded after hitting downside P&F chart targets of 86K/85K then 81K/80K, right at the FIB 50% retracement level! BTC rallied back up close to the 95K P&F target. A breakout past this resistance zone can lead to the next targets of 104K/108K/109K and a eye watering 124K target! New support zones: 90K/86.4K. Keep an eye out for a P&F chart reversal that can signal the end to the rally and a consolidation phase.
Monday, 3 March 2025
$NQcv1 NDX100 Index Futures: Fantastic rebound after hitting downside targets.
$NDX $NQcv1 NDX100 Index Futures: Fantastic rebound after hitting downside targets. NQcv1 rebounded from Cloud Chart (CC) support 20.6K. Need to get past: 21032! Target 21341, then breakout past CC resistance zone at 21411/21539! Rebound rally gaining steam toward CC resistance!
$EScv1 S&P500 Index Futures rebounded from a cluster of Cloud Chart support downside target zones: 5887/5848!
$EScv1 S&P500 Index Futures rebounded from a cluster of Cloud Chart support downside target zones: 5887/5848! Upside resistance targets for this rebound rally are :6003/6007 and then 6025/6041! New support zones: 5935/5916! So far so good but we need a breakout past the top end of the CC resistance to be bullish on the 4 Hour chart. Swing trade rebound rally!
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