Thanks everyone for your advise
Cym Ladye
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You might also investigate using some other fertilizer. Organic kelp has nowhere near the needed nutrients as a stand alone fertilizer has.
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I only use the kelp because I did not want to do to much not knowing what is going on with the plant. Now that I know I can start taking proper care of it.
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I am thinking it may just be because it was indoors for awhile, but basically if the pseudobulbs are still firm to your touch, it looks okay. Just need maybe more light, more water. The old flowers once wilted, you can cut off the entire spike. It may be turning yellow, just due to the age of the pseudobulb. I see there is new pseudobulb growth coming about. So that will be the new source of your future flower spike later on.
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You are right it was indoors for a while and that cause the yellowing. I have it know on the balcony were it will get full morning sun once I remove the shade cloth, I want to make sure I don't shock the new growth and so I giving it a lot of light and slowly getting it to get morning sun.
Will keep you posted as to color enhancement as it gets the amount of light it needs.
Again thank you all for your help, you keep my balcony blooming!