Friday, 9 May 2025

Nasdaq 100 E-mini futures fighting hard to break past Cloud Chart resistance. Make of break week to turn the Cloud Chart from bearish to bullish!

 Nasdaq 100 E-mini futures fighting hard to break past Cloud Chart resistance. Make of break week to turn the Cloud chart from bearish to bullish! But so far its been a great rebound rally.

If the index manages to break past the Cloud that will turn the outlook to bullish on the Cloud Chart. The top end of the front end of the Cloud is the next support zone if we get the Cloud resistance breakout!

If resistance hold then there is more downside risk since price action below the Cloud remains bearish! Make or break week ahead!




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