Tuesday, 6 February 2018

TQQQ Getting close to key cloud chart support zone!

TQQQ Getting close to key cloud chart support zone!
Going to be an interesting day to see if support will come in at the top end of the cloud here for the TQQQ! Rebound potential around these levels!


Dow Jones Industrial Index: Rebounded from cloud support!

Dow Jones Industrial rebounded from 23960 cloud chart support at bottom end of the cloud after a more than 1500 point drop! Will be interesting to see if this level will hold today! Downside risk remain to next support zone of 23581!

Monday, 5 February 2018

Bitcoin USD: Hit 8000 P&F target, next P&F chart target 6400!

Bitcoin USD: Hit the 8000 P&F chart target, next target 6400! A reversal of $600 to the upside from these support levels could signal an end to the current downtrend on a point and figure chart basis!

Watching for those P&F chart reversals at these key target zones!


S&P 500 Index consolidation well underway now!

A much needed consolidation is underway in the S&P 500. Front end cloud levels are the next key support zones! Should see short-term relief rallies from key support levels!

From a short-term trading perspective, the index is down 108 points since the sell signal. Now looking for short-term support to come in at cloud levels of 2771/2746!

Dow Jones 30 Index consolidation well underway!

A much needed price consolidation is underway on the Dow Jones Industrial index. The index is down 630 points since the sell signal on the daily chart.

Now looking for support to be tested at key cloud chart support levels! See chart.

From a short-term trading perspective, the index is down 993 points since the sell signal above the cloud!  Now looking for a short-term support and reversal retracement.

Xetra Dax: At critical old support levels!

Xetra Dax is down about 540 points since the sell signal! Sliced past cloud chart support that is very negative! Now its looking for support at old lows of 12798. There is short-term rebound potential from these levels, but overall its very negative that price action is now below the cloud chart levels!


FTSE 100 at a critical cloud chart level!

FTSE 100 index at a critical cloud chart support level! If support holds here we can see a short-term rebound. If price action goes below the cloud and stays below the cloud, that will change the trend to a bearish outlook.

Need to see a rebound here! Index is down 257 points since the sell signal on the chart.