NDX 100 & NDX 100 Equal Weighted Chart Rewiew:

NDX 100 & NDX 100 Equal Weighted Chart Review:

NDX 100:
Great rebound from old high and 34 EMA, broke past October high, now need to see a follow-through of this move. October high expected to be tested for support!

NDXE: Nasdaq 100 Equal Weighted Index:

Rebounded from old highs and key support zones. So far so good. Next key resistance zone is the October high of 3434.

RISK: The NDX has made a new high and broken out, as where the NDXE did not. It only rebounded from key support zone. Need to see this new rally to continue from this support zone for the NDXE!

Nasdaq Comp Index:Rebounded from support, need to see continuation of rally!

Nasdaq Comp Index:Rebounded from support, now need to see continuation of rally!

Rebounded from 6517 support zone at the 34 period moving average. Fantastic rebound, broke past old high resistance zones, now we need to see a follow-through of this breakout!

EURUSD: Downside risk towards 1.1516!

EURUSD: Locked in a downtrend with old cloud chart support level of 1.1516 as the next key support zone.
Price action is below the cloud, and front cloud indicate long term down trend remain in place.

GBPUSD: On its way to test trend support at 1.3055

GBPUSD on its way to test old highs and trend line support around the 1.3055 zone! Sterling is down more than 300 points since the sell signal. Looking for support and signal change for a potential rebound at support zone!

Nasdaq Comp Index: Consolidation risk down towards old high support zones!

Nasdaq Comp Index: Consolidation risk down towards old high support zones!

Key levels to watch in current consolidation are 6474/6459 old high support zones.

FTSE100: Rally taking a break after running into major resistance zone!

FTSE100: Rally taking a break after running into major resistance zone!

Expect a consolidation back down towards key moving averages. Old high resistance levels remained in place, and FTSE 100 failed to break past these levels. Note MACD sell signal, expect a consolidation lower.

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S&P500 Index: Getting ready for profit taking!

S&P500 Index: Getting ready for profit taking!

Expect a period of consolidation and profit taking at these elevated levels. Consolidation risk back down to moving averages as per chart. Note MACD signal on chart.

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