Richard_Muller

Richard_Muller

NDX-Blasted past old high! Beware market consolidation here! NDX took out old cloud chart resistance levels, and then took out the old high! FOMOFED liquidity rally in full swing! Consolidation risk remain high at these elevated levels, with 9400 front cloud as a key support zone in a consolidation!

Richard_Muller

NDX-100 Reached the 9440 resistance target! Consolidation risk remain high here! NDX reached the old cloud chart resistance zone of 9440. NDX is not far from the old high of 9736! Consolidation risk remain high at this key resistance zone! It is May by the way, as they say! Taking some profit off the table here after a very strong rally off the cloud chart...

Richard_Muller

Tesla TSLA: After a 66% 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! Downside consolidation risk remain high here!

Richard_Muller

FTSE100: Grinding closer to key cloud chart resistance zone:5877. Critical week ahead to see if the FTSE will break past the bottom end cloud chart resistance zone! Two lines meet here, the bottom end of the cloud, and the base line resistance zone of the cloud! If resistance holds at the bottom end cloud, then we will be heading lower to the 5397 support zone!...

Richard_Muller

Nasdaq-100 Index close to the target resistance zone at the bottom end of the cloud chart! Critical week ahead to see if the index will break past this resistance zone, or reverse lower. Risk is high at these levels! We had a nice rally since the buy signal!

Richard_Muller

DJI Index getting closer to a key cloud chart resistance zone: 23868, at the top end of the cloud! There is a reversal risk at this resistance zone if resistance holds. The DJI need to break past this level! DJI is up more than 2200 points since the buy signal!

Richard_Muller

S&P500: Hit two downside targets, next target 2124! S&P500 index hit two downside targets recently. There is still risk here towards the next key cloud chart support zone of 2124! Looking out for any type relief rally from around these low levels where we are! Index is down more than 30% since the sell signal above the cloud! Price action is below the cloud and...

Richard_Muller

S&P500: Downside risk towards 2018 low of 2346! Expect the market to test support around these levels! Not out the woods yet for a potential rebound!

Richard_Muller

S&P500 Index nearing rebound support zone:2734/2687, at the bottom end of the weekly cloud chart. We not out the woods yet but the market is near a 20% correction and that has been a much needed correction for the market was over valued for quite some time! This correction flushes out the speculators and offer investors new entry points for the market!

Richard_Muller

TQQQ: On its way to test next cloud support levels :73.10/61.60! TQQQ is dow more than 30% since the sell signal!

Richard_Muller

TSLA: FOMO rally about to end, TSLA bit extended here, time for a consolidation over the short-term! Such a strong gain need to consolidate to show key support for TSLA. Wont be chasing the stock here, taking profit off the table, will wait for the next ideal entry point. Do expect it to consolidate from these extended levels and pull back a bit!

Richard_Muller

BTCUSD: Fighting resistance at the bottom end of the cloud chart! Need to see a stronger sustained rally past the bottom end cloud chart resistance. If cloud chart resistance holds, then we could be heading down from this cloud chart resistance zone! If BTC managed to sustain a rally past this resistance zone, then the next stop is the top end of the cloud!...