TSLA: Down 37.9% since the Cloud Chart resistance sell signal! Downside risk to 181/161 old Cloud Chart support zones!

 TSLA: Down 37.9% since the Cloud Chart resistance sell signal! Downside risk to 181/161 old Cloud Chart support zones! 

TSLA: Down 37.9% since the Cloud Chart  (CC) resistance sell signal at the top end of the weekly cloud the 311 resistance zone! The second sell signal was when TSLA sliced past the bottom end CC support zone at 298! Price action below the cloud confirmed the bearish outlook and activated the downside CC support risk targets of 213/205 and 195 with all these targets being met! 

The next two key levels to  keep and eye on are : 181/161 old Cloud Chart support zones! 

Could see a technical rebound rally from this range of 195/181 support zones! The new risk range is between 161/181 to 213/231!

But the long-term outlook remains bearish since price action is below both the weekly and daily Cloud Charts!

Dow Jones 30 Index Up more than 4000 points since the Cloud Chart support rebound trade!

 Dow Jones 30 Index Up more than 4000 points since the Cloud Chart support rebound trade! 

DJI getting closer to the bottom end front cloud chart resistance zones! Need to see a breakout past these Cloud Chart resistance zones for the outlook to change to bullish from bearish on the weekly Cloud Chart! 

But it's been a great swing trade rally below the cloud! 

Carvana: "The Carvana Con": Stock down 98% since the Cloud Chart Sell signal! Used car sales business... no need to say more the signs were there!

 Carvana: "The Carvana Con": Stock down 98% since the Cloud Chart Sell signal!  

In fact there were 3 Cloud Chart sell signals! All down 98.09%, 97.04% & 97.15%

 Used car sales business...not to mention the backgrounds of the management involved.. no need to say more the signs were there!!!

META.O Down more than 75% since the Cloud Chart Sell signal! Well done Zuckerberg!

 META.O Down more than 75% since the Cloud  Chart Sell signal! Well done Zuckerberg!

META  also reached the downside  P&F chart targets of 130/126/121/114 to 100 and now the 91 downside target! Looking out for a P&F chart reversal to signal the end of the trend and a new swing trade opportunity to the upside!

 

Xetra Dax Reversed lower after hitting upside Cloud Chart resistance zone at 13416! Consolidation risk towards: 12904!

 Xetra Dax Reversed lower after hitting upside Cloud Chart  (CC) resistance zone at 13416! Consolidation risk towards: 12904 top end of the CC support zone! Critical for support to hold at this zone and a potential rebound trade opportunity! This comes after a great rebound rally trade from the 12032 support zone! 

 

Downside risk on the 4 H CC towards 13054/12722 key CC support zones and potential rebound zones!

Price action above the cloud is bullish with rebound potential from the top end cloud chart support zones! 

Nasdaq Composite: Reversed lower after hitting Cloud Chart resistance zones:11154/11192! Critical support zone on the 4 H Cloud Chart!

 Nasdaq Composite: Reversed lower after hitting Cloud Chart resistance zones:11154/11192.. the bottom end front cloud chart resistance zones! 

On the 4 hour Cloud Chart the index testing support at the bottom end of the cloud at 10512! Can see a rebound here if support holds. Bearish outlook remain in place since price action is below the cloud. Rebound swing trade possible from this level if support holds.

On the daily cloud chart bottom end cloud chart resistance held at 11154/11192! Testing support at the 10542 old standard line support zone on the cloud chart. 

Downside risk towards old cloud chart support zones of 10399/10215! Price action below the cloud remains bearish with old support zones offering rebound swing trades! 

S&P500 Futures pulled back after hitting Cloud Chart resistance zone: 3926! Downside risk: 3715/3679!

 S&P500 Futures pulled back after hitting Cloud Chart resistance zone: 3926, the top end of the front cloud chart resistance zone held! 

Downside risk: 3715 the standard line of the cloud, where we can expect some form of support being tested. If support fails at that level then downside risk towards the bottom end of the front end of the cloud is the next support target :3679!

Price action below the cloud remains bearish with swing trade opportunities back up to the bottom cloud chart resistance zones!