NDX rebounded from old support zones and now fighting hard to get back above the 4 hour cloud chart Levels. We not out the woods yet here! Happy cloud chart trading. Regards Richard
SP500 index rebounded from cloud support zone! We now need to see a sustained breakout past old high resistance zones. So far outlook remain bullish with downside risk targets to the top end of cloud chart support zones! Happy cloud chart trading. Regards Richard
TSLA in trouble as price action is below the cloud! Critical week ahead for TSLA as its trying to rebound from old cloud chart support levels. There is still significant downside risk if support does not come in this week!
NDX100: Fighting hard for support at the bottom end cloud chart! Rebound potential if support comes in at the bottom end cloud chart support zone. NDX is down more than 10% since becoming extended from the top end of the cloud! Its now make or break for the index since price action is below the cloud on 60min, 4 hour cloud charts! Critical week ahead for support...
S&P500 Index fighting for support at top end cloud chart levels! After becoming well extended from the top end of the cloud the S&P500 finally corrected back down to key cloud chart support levels. Index need to remain above the bottom end of the cloud to stay in a bullish outlook. Any price action below the cloud will change the outlook from bullish to bearish!...
S&P500: Downside risk to key cloud chart support levels! S&P500 quite extended on weekly and daily cloud chart. Key support levels to watch in the current consolidation are identified in the clip. Happy cloud chart trading.
S&P500 Index Cloud Chart Trading Review: Consolidation Risk! S&P500 is very extended on the daily, weekly and monthly cloud chart. Be beware that the market is at risk of a 5% to 10% correction back down to key cloud chart support zones in Q1/Q2. I keep an eye on the 4 hour cloud chart support levels to swing trade back into the SPX. So far the FOMO FED...
Nasdaq100: Very extended from cloud support, consolidation risk! NDX is very extended on the daily and weekly cloud charts and at risk of a consolidation over the next few weeks. Downside risk to the top end of the cloud on the 4 Hour cloud chart, as well as front end cloud support level on the daily cloud chart. Risky few weeks ahead! My strategy is to take...
NDX100 Consolidating gains with downside risk to top end cloud chart support zones.
SP500 Index Consolidating towards top end cloud chart support levels. Critical week ahead for the SP500 to regain key levels on the 4 hour chart!
BTC:Bitcoin moved into profit taking zone after becoming extend. BTC became far too extended on the daily cloud chart, and moved into profit taking zone! After the correction BTC is now fighting for support at the bottom end cloud chart support levels. Remain extended on a weekly cloud chart basis, as well as on the daily cloud chart.
NDX-100 Well extended from the cloud, reversal risk high! NDX is now well extended from the top end cloud chart support zone! Weekly cloud is at a high risk stage! Market in need of a consolidation at these extended levels!
NDX-100 Cloud Chart Trading Review 3rd December 2020. Key support and resistance levels identified from a cloud chart trading perspective. Critical week ahead for the NDX to break past old highs with sustained high volume.
SP500 index Cloud Chart Trading analysis on 3rd December 2020. Key support and resistance levels identified on the 4H, daily and weekly cloud charts. So far so good for the year end rally.
NDX100: In trouble, trading below the cloud! Critical week ahead! NDX 100 in trouble now as the index sliced past bottom end cloud chart support zone on the daily cloud chart. Old cloud chart support levels are the next key levels to watch for a potential rebound! Price action still above the cloud on a weekly basis, and if support comes into the market the...
SP500 Index in trouble as price action is below the cloud! SP500 index gapped down below the bottom end cloud chart support levels and is now in bearish outlook on the daily and 4 hour cloud charts. Getting closer to September lows and key support zones for a potential rebound back to the bottom end of the cloud! Key cloud chart support and resistance levels...
S&P500 In trouble as price gapped down past cloud chart support! Price action is now below the cloud, and outlook changed from bullish to bearish on cloud chart basis!
SP500 Index Cloud Chart Trading Review 4H Chart updates. Price action above the cloud so far is bullish into Q4. Key levels to watch are the top end cloud chart support zones for potential swing trades!