FTSE UK Stock Index (Aug 2018)

This will be my views of FTSE UK Stock Index (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.



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Comment: View On FTSE (31 July 2018)

I am very cautiously bullish.
Take a look at carefully on what happened for the past 2 months, we had a big swing down (RED bars) and it is followed by a series of small up (Blue bars). That proves that Bears are fighting hard.

Now, the nearest resistant at 7700 level and it is proven to be a quick hard one.

The next and ultimate swing resistant will be 7800 level. I expect the market will can visit that level.


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