Richard_Muller

02:20

Richard_Muller

S&P500: Blasted past cloud chart resistance! So far so good! S&P500 had quite a rally past few days as it blasted past top end cloud chart resistance , and blasted right past the 3500 resistance zone! Price action above the cloud on 4H basis and that is bullish! Consolidation risk back down to 3500/3449 support zones! These are the Q4 support levels. A snap bnack...

02:09

Richard_Muller

NDX-100 A great rally & breakout past cloud chart resistance! So far so good NDX rallied past top end cloud chart resistance, and is now testing the old cloud chart shadow resistance at 12088 resistance. Need to see a follow-through of the bullish momentum. If resistance hold then downside risk to key support zones at 11745/11686 and 11564! But so far so good,...

Richard_Muller

S&P500 Reached 2nd resistance target at 3500 zone! So far so good, now need to so upward momentum continue from these levels. If not, downside risk to the top of the cloud chart, the new support zone for Q4: 3449/3398. Upside target 3580, but not without consoldiaiton risk!

01:56

Richard_Muller

S&P500 Broke past key cloud chart resistance on 4H chart! Critical day ahead for the S&P500 to close above the top end cloud chart resistance! This old top cloud resistance zone can then be seen as the next key support zone! So far so good!

01:24

Richard_Muller

NDX-100 fighting hard to get past top en cloud chart resistance. Critical day for the NDX to close above this top end cloud chart resistance zone! So far so good!

01:45

Richard_Muller

NDX rebounded from 10787 old cloud chart support zone. A great little rally took place after the second support test. The swing trade rallied right past the 11468 bottom end cloud chart resistance zone, and now getting closer to key top end cloud chart resistance zones of the front end of the cloud at 11558 zone and the 11648 zones! Swing trade moving into profit...

01:43

Richard_Muller Updated 

NDX-100 Nasdaq-100 rebounded from cloud support, so far so good! Key resistance levels to get past are 11186, then 11391, then 11471 zones, and the top end cloud chart resistance zone of 11646, give and take a few points at each level! Rebound retracement up to the bottom end cloud chart resistance zone!

03:05

Richard_Muller

NDX-100: Bear market rally on 4H cloud chart!

Richard_Muller

NDX-100: Trading below the 4H bottom end of the cloud. Price action below the cloud is bearish! Need to see the index regain support at the bottom end of the cloud for the rally to remain in place, but for now outlook on the 4H cloud chart is bearish! Critical day and week ahead to see if the NDX can regain bullish outlook on 4H cloud chart!

Richard_Muller

NDX-100: Rolling over, NDX in trouble as below 55 DMVG! Rebound failed from the 55 day exp moving average. Could see more downside if support does not come into the index to drive it back above the 55 DMVG!

Richard_Muller

FOMOFED day, will see if we get that follow-through on the rebound from the 55 day moving average! Critical week ahead!

Richard_Muller

NDX-100: Reversed lower after hitting profit taking zone! (See previous update) Now expect the NDX to test the 55 day moving average for potential rebound! Looking for swing trade entry close to the 11000 zone!

Richard_Muller

NDX-100: Moving into profit taking zone above upper channel trend line.

Richard_Muller

My swing trade strategy is to trade the 21 day moving average rebound, and then take profits when it gets close to the top end trend line, and when the market gets extended of more than 5%/7%plus from the 21 dmvg. In the beginning the 21 dmvg is the entry point and as the trend gets longer there are more highs to plot the top end reversal zone. I do think there is...

Richard_Muller

NDX-100: Much needed consolidation underway! Levels to watch are: the front cloud for first level of support at 10492, then the cloud chart base line level at 10276, and if the consolidation is really aggressive, the bottom end of the cloud at 10276! These levels are ideal points for a swing trade entry. Price action is above the cloud and that remains bullish...

Richard_Muller

S&P500 Index: Broke past cloud chart resistance! Critical week ahead! S&P500 Index: Broke past front cloud chart resistance zone of 3212! Critical week ahead for the index to follow-through on this resistance breakout! Need to see indications that the top end of the cloud will now remain a key support zone! Critical week ahead! Next target is around the gap...

Richard_Muller

TSLA: Extended from the cloud, in profit taking zone! TSLA is up more than 100% since the cloud chart buy signal! Expect a correction down to the signal line and standard line of the cloud, with key support zone now is 1180/1145 to the front end of the cloud at 1160! In profit taking zone/consolidation zone now! Taking some profits off the table here, will get...

Richard_Muller

TSLA: Hit 1120 P&F chart target, next target 1345! But consolidation and P&F chart reversal risk remain high at these targets! The next target 1345, but I do expect a consolidation before we get to that target since the most recent significant target has now been met! Be on the lookout for any P&F chart reversal for profit taking signals around P&F price targets....