Friday, 31 May 2019

WTI On its way down to next cloud chart support zone: $54!

WTI On its way down to next cloud chart support zone: $54!
WTI reversed lower after hitting cloud chart resistance at bottom end of the weekly cloud: $65.84.
Now in its way to test support at bottom end of the front cloud chart section at a key support zone of : $54.08!




WTI is down $9.90 since the sell signal at cloud resistance!


Wednesday, 29 May 2019

DJI: Dow Jones index in trouble as price action is below the cloud! Bearish!

DJI: Dow Jones index in trouble as price action is below the cloud! Bearish!

DJI did not manage to remain above the bottom end cloud chart support zone! Now trading below the cloud with significant downside risk.
Two key support levels to watch out for are 25205/25009!

Need to see a rebound back above the bottom end cloud support level to change outlook from bearish to bullish! Criticla week ahead!


NDX100: At a criticla cloud chart support zone! Make or break week ahead!

NDX100: At a criticla cloud chart support zone of 7275! Make or break week! Need to see a rebound form this support zone, if support fails, then there is more downside risk if the NDX100 closes below the bottom end cloud chart support zone!


FTSE100: In trouble, sliced past cloud support zone! Trading below cloud! Bearish!

FTSE100: In trouble, sliced past cloud support zone! Trading below cloud! Bearish!

FTSE100 sold off after hitting cloud chart resistance at top end cloud level: 7339.

Bottom end of the cloud is now the new resistance zone!
Price action below cloud, and this is bearish!


Tuesday, 28 May 2019

Xetra Dax: Digging into cloud chart resistance:12141!

Xetra Dax: Digging into cloud chart resistance:Next target 12141!

Top end of the cloud is the next key resistance zone! Price action is still below the top end of the cloud and this is bearish. Need to see a breakout past top cloud chart resistance!


FTSE100: Rebounding from old support zone, top end cloud next target!

FTSE100: Rebounding from old support zone, top end cloud next target!

FTSE100 digging into the cloud on the 4 hour chart. Top end of the cloud is the next key resistance zone at 7340!

Price action is still below the top end of the cloud, and that remains bearish!

Friday, 24 May 2019

Nasdaq 100 NDX: Rebound potential as index is testing support at bottom end cloud support zone!

Nasdaq 100 NDX: Rebound potential as index is testing support at bottom end cloud support zone!

Index rebounded yesterday from the bottom cloud support zone: 7275!
Looking for a follow-through today for a rebound from this cloud support zaone!  If the NDX trades below the cloud level, that will be very bearish for the index. We right here at an infliction point!