Dow Jones 30 Index: Trading below the cloud, bear market in place!

Dow Jones 30 Index trading below the bottom end support of the weekly cloud. This confirms the bear market. Downside risk towards 23236/22669.

Need to see support come in and the price to trade back above the bottom end of the cloud to be bullish! The bears are winning this one for now!

Any short-term relief rally will run into resistance at the bottom end of the cloud!

Weekly cloud chart outlook: Bearish!
Daily cloud chart outlook: Bearish!

FTSE100: Roaring bear running this index!

FTSE100: Roaring bear running this index!

Index is down more than 800 points since the sell signal! FTSE fighting to fund support at old cloud chart lows of 6678. Downside risk if support fails to 6617/6459 and 6315!

Price action below the cloud confirms bear market!

German DAX Index: Remains locked in a downtrend!

German DAX Index: Remains locked in a downtrend!

Index is now down more than 1800 points since the most recent cloud chart sell signal when it lost support at a key cloud chart level!

Key levels to watch for potential support are: 10785/10721. If support fails here, then the next downside targets are 10863/10059!

If we get a rebound at key support, then the upside targets are the bottom end of the cloud chart resistance zone!

DJI- Dow Jones 30 Index Cloud Chart Market Review

Nasdaq 100 NDX cloud chart trading review.

FTSE 100: Fighting cloud chart resistance!

FTSE 100: Fighting cloud chart resistance at the top end of the cloud!

Significant resistance at 6900 zone now on the 60min chart. Key support levels to watch are 6790/6769. Front end of the cloud is encouraging but we need to see price action above the cloud to get excited about the FTSE100.

Xetra Dax 30 Index: Fighting cloud chart resistance!

Xetra Dax 30 Index: Fighting  cloud chart resistance!

The Dax is digging deeper into the cloud chart resistance on a 60min chart. Top end of the cloud remain a key resistance zone. Need to see a breakout past these levels.

Key support zones to keep an eye on are 10785/10721 for potential rebound from these support zones!

Not out the woods yet, but front end of the cloud indicate that we might see more upside as support comes in at bottom end of the cloud!

Price action on the daily is still below the cloud, and that is the bearish risk!