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...
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.
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...
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!
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...
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,...
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!
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!
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...
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!
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!