QQQ: in profit taking zone for now! Now need to see a follow-through!

QQQ: in profit taking zone for now after an 8% rally.

Took some profits off the table as the QQQ hit a new high at 197.83! The QQQ had a great rebound from old cloud chart support at 182.42 support zone! So far so good!

Now need to see a follow-through at this new high since its broken out of a double bottom base!
Critical week ahead!

BTCUSD: Bitcoin rebounded aggressively from key support zone!

BTCUSD: Bitcoin rebounded aggressively from key support zone! 7466/7852

Now it is close to a key resistance zone at top end of the cloud: 9999/10000!

Up 29%  (2200) since the rebound)

FTSE100: Grinding into cloud chart resistance!

FTSE100: Grinding into  cloud chart resistance!
Price action still below the top end of the cloud, that is bearish long-term. Next key resistance target is: 7374! Need to see a breakout past cloud chart resistance to become bullish!

Critical week ahead!

Xetra Dax: Moving into old resistance zones! 12885/13143!

Xetra Dax: Moving into old resistance zones! 12885/13143!

Grinding into old resistance zones! In profit taking zones since the rebound at the bottom cloud support of 11961!

Downside consolidation risk remain high at these resistance levels.

Xetra Dax 30 Index: Moving into profit taking zone after a 794 point rally!

Xetra Dax 30 Index: Moving into profit taking zone after a 794 point rally!

Great rebound from top end cloud chart support zone at 11961! Now the Dax has moved into profit taking zone after a 794 point rally!

Expect consolidation of recent gains, with front  top end of the front cloud as a key support zone.

FTSE100: Trading below the cloud and that is overall bearish!

FTSE100: Trading below the cloud and that is overall bearish!

FTSE100 in bearish mode since price action is below the cloud, and the bottom end of the cloud is a key resistance zone! Index down more than 200 points since the most recent sell signal!

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTC is down more than 20% since the cloud cross sell signal! Old cloud chart support zone of 7852 is being tested.  If support fails, there is downside risk towards next support zones of 7182/7017!

If support comes in at 7852 there is upside potential towards the bottom end cloud resistance zone of 8674!

Price action is below the cloud and this is bearish long-term.