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UKX: FTSE completing a Quasimodo Top?
39 0 1
UKX, D
FTSE completing a Quasimodo Top?

I'm not a fan of Head and Shoulders patterns - inverted or otherwise - but many people will have noticed the formation in the FTSE100 and will be waiting for the break down. Whilst oversold stochastics could promote further right shoulder development, the eventual break will likely target 6400/50 as profit-taking pressure increases. Would Victor be a seller?

SPX: Intraday top in place?
23 0 0
SPX, 240
Intraday top in place?

Rotating lower with falling momentum. Daily charts are also unwinding, suggesting profit-taking and a sell-into-strength strategy. Focus expected to turn to Fib supports within 2160/80~

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