Brent Crude Down +15% since the Cloud Chart Sell signal at 118! Next key support zone 96.77!

Brent Crude Down +15% since the Cloud Chart Sell signal at 118! Next key support zone 96.77! Brent crude failed to maintain support at the bottom end of the cloud level of 111.44! Brent is down more than 15% since the cloud chart sell signal above the cloud and this level was also close to the front cloud resistance zone of 118! Next key support zones to be tested is around the 96.77 level! Price action below the cloud is bearish!

WTI Down 14% since the Cloud Chart sell signal! Next key support zones: 93.82/91.28!

WTI Down 14% since the Cloud Chart sell signal! Next key support zones to be tested: 93.82/91.28! WTI attempted to rebound from a cloud chart support zone at the bottom end of the cloud at 104.76 but this support level did not hold! When WTI sliced past this key level to trade below the cloud the outlook changed from bullish to bearish on the daily cloud chart. WTI is down more than 14% since the cloud chart sell signal at around the $110 zone!

S&P500 Index Futures Back in bearish outlook with price action below the key cloud chart levels!

S&P500 Index Futures Back in bearish outlook with price action below the key cloud chart levels! S&P500 index futures lost support at the bottom end of the cloud. If they index keeps trading below this critical cloud chart support zone this week then the outlook remains bearish on the 60M and 4 Hour cloud charts! Long-term outlook on the daily and weekly remains bearish since price action is below the cloud levels on those two charts and has been so since April! Need to see support come in at these short-term time frames for a recovery to take place! Downside risk remain high!

EURUSD down more than 1800 points since the major cloud chart sell signal! Lagarde short trade gift that keeps on giving!

EURUSD down more than 1800 points (-15%) since the major cloud chart sell signal! Lagarde short trade gift that keeps on giving!

EURUSD heading closer to a major monthly cloud chart support zone of 1.0268 and 1.0081!

And here a great quote by Lagarde: "Extraordinary times require extraordinary action. There are no limits to our commitment to the euro. We are determined to use the full potential of our tools, within our mandate." - Christine Lagarde

WTI Light Crude Oil Rebounded from the 104 cloud chart support zone!

WTI Light Crude Oil Rebounded from the 104 cloud chart support zone! As long as oil trades above the top end of the cloud the outlook is bullish! Two resistance zones above the cloud is the front cloud chart level of 115, and then the old high of 123!

EURUSD Down more than 900 points (-8.3%)since the cloud chart sell signal!

EURUSD Down more than 900 points since the cloud chart sell signal! Price action below the cloud remains bearish, with the bottom end of the cloud as a major resistance zone on the daily cloud chart!

The euro is down more than 1600 points (-13.9%) since the major cloud chart sell signal above the cloud!

GBPUSD: "The Bailey Short" generated more than 1400 points shorting GBP before the 10% drop!

GBPUSD: "The Bailey Short" generated more than 1400 points shorting GBP since the most recent major cloud chart sell signal on the daily cloud! GBP down more than 10% since the cloud chart sell signal! Always a good idea to capitalise on the "competence" of central bankers!

Price action below the cloud remains bearish with the bottom end cloud chart levels as key resistance zones!