S&P500: At a critical cloud chart resistance zone:2905/2860 & 2923/2905

S&P500: At a critical cloud chart resistance zone:2905/2860!

S&P500 index is up about 30% since the rebound from old cloud chart support levels of Q4 2017, 2197 zone! On the daily cloud chart the index is now at an old cloud chart resistance zone of 2904.27/2680.71 resistance zone! Need to see a sustained breakout from these levels for the rally to motor ahead! But downside consolidation risk remain high at these levels.

On the weekly cloud chart the S&P500 is hitting another key cloud chart resistance zone at the top end of the cloud, 2923/2904 another key resistance zone! Critical for the index to break past this zone, if not and resistance holds then there is more downside to the market!

Critical week ahead!

Tesla TSLA: After a 58% rally, now at a key cloud chart resistance zone!

Tesla TSLA: After a 58% rally since the buy signal, TSLA is now at a key cloud chart resistance zone of 795! Critical week ahead to see if TSLA will remain above this key level. Yesterdays close at 798.75 is above this critical cloud chart resistance zone!

Consolidation risk remain high here after such a strong rally!

Xetra Dax Index: Grinding into cloud chart resistance! Resistance target: 11025!

Xetra Dax Index: Grinding into cloud chart resistance! Resistance target: 11025!

Critical week ahead as the Dax grinds deeper into cloud chart resistance! Reversal risk remain high here after a 20% rally since the buy signal!

11025 is a key line in the sand resistance zone!

FTSE100: Grinding towards two key resistance zones:5880/5877

FTSE100: Grinding towards two key resistance zones:5880/5877

Need to see a breakout past these two cloud chart resistance levels:

• 5880 base line resistance, and 
• 5877 a key cloud chart resistance at the bottom end of the cloud!

Reversal risk remain high here if resistance holds!

If the FTSE manages to breakout past this zone then the next target will be 6296 the top end cloud chart resistance! Critical week ahead!

NDX-Nasdaq-100 ran into front cloud chart resistance around 8902 zone!

NDX-Nasdaq-100 ran into front cloud chart resistance around 8902 zone!
Next support zone is at the base line of the cloud at 8254 on the weekly cloud chart.

Turning to the daily cloud chart: The NDX reversed lower after hitting the resistance zone at 8935/8902! Old cloud chart resistance zone!

Now the next key level to watch for a rebound is at the top end of the cloud support zone: 8254! If support holds NDX should rebound from here. If support fails at this level, then the next level is 7825 zone, a combination of the base line and close to the bottom cloud chart support zone.

The good news is that price action is back above the cloud! Thats bullish!

Xetra Dax: Grinding higher towards next resistance zone: 11025!

Xetra Dax: Grinding higher towards next resistance zone at the top end of the cloud: 11025!

Current rally will run into significant resistance at this zone! Reversal risk remain high!

FTSE100: Close to cloud chart base line resistance zone: 5880!

FTSE100: Close to cloud chart base line resistance zone: 5880!

Need to see a breakout past this resistance zone for the FTSE to move to next target at the top end cloud chart resistance zone of 6296!

Critical week ahead for a breakout! If resistance holds, then there is more downside to come!