Resistance – 6100, 6163, 6200 Support – 6061, 6036.70, 6000 FTSE’s failure to take out weekly 200-MA in late April followed by a sell-off and drop below daily 200-SMA restricted the buying interest this week. We also saw a failure to take out daily 200-SMA hurdle yesterday followed by a bearish move today. The entire price action suggests bears are...
Support – 6119, 6082, 6054 Resistance – 6176, 6216, 6245 Failure to sustain above 5-SMA at 6136 followed by drop below daily low of 6125 would open doors for a re-test of critical support at 6082 (100-SMA). On the higher side, strong hurdle is noted at 6176 (200-SMA). On larger scheme of things, bears appear in control given the index is trading below 200-SMA....
FX:UK100 still below 200 days moving average but held above the daily support.
Support – 6061.85, 6036.70, 5933.23 Resistance – 6100, 6178, 6200 Following a breach of rising trend line earlier this week, FTSE has steadily extended losses below 200-DMA to test 6080 (100-SMA today). Daily RSI, at 35.00, shows there room for further downside move. Traders should watch out for a daily close below 6036.70, as it would open...
Daily Chart – Stuck between 200-SMA & 100-SMA Resistance – 6181 (200-SMA), 6231 Support – 6080 (50-SMA) – 6072, 6036 Breach of rising channel earlier this week followed by a drop below 200-SMA yesterday and bearish daily RSI indicates prices could be heading lower to strong support at 6080 (50-SMA) – 6072 (38.2% of Feb low-Apr high). Uptick...
Daily Chart Formation- Rising trend line breached, bullish crossover between 50-SMA and 200-SMA Support – 6110, 6060, 6036.70 Resistance – 6217, 6260, 6322.40 Bearish daily close below rising trend line has opened doors for a drift lower to strong support at 6060 levels. On the higher side, rising trend line hurdle at 6217 is likely to restrict...
Daily Chart Pattern – Rising trend line breached Resistance – 6214, 6230, 6270 Support – 6186, 6119, 6079 Prices trade around 200-DMA level of 6186 levels. FTSE’s failure to sustain above 5-DMA followed by a drop below 6230 and 6214 (rising trend line) indicates short-term bullish invalidation and increased risk of a daily close below 200-DMA...
Update LONG idea about the ENI ITALIAN STOCK
Resistance – 6334, 6365, 6400 Support – 6289, 6244-6232, 6200 Bearish break from rising trend line on hourly chart on Friday saw index trying to cut through 6311 (50% Fib of Apr 2015 high-Feb 2016 low). A break below 6289 (Friday’s low) could see prices test hourly 200-MA at 6244 - 6232 (sideways channel level on daily chart). Rebound needs to...
YOU CAN TRADE THE EXTREMES OF THE STRUCTURE ANY BREAK AND CLOSE BELOW 2012 IS AN ALERT WE ARE TARGETING THE BALANCE POINT.
SPX ENTERING A ZONE OF INFLUENCE... TIME IS CLOSE...3/31- 4/06
I do not know anyone who actually trades this instrument. But the fact that the market exists, suggests that someone is interested. I am sure there are some funds that track this market. Some retirements are invested here. The U.K. Mid Caps market, like all markets, has taken a beating since the summer of last year confirming a recession (we will only hear that...
The ftsee making lower highs and lows with price currently ranging at the 78 fib and a Tl touch on the chanel
The FTSE100 price has been bouncing nicely inbetween a channel. Price action is currently outside of the channel and if it breaches the highs, then we could be going higher. Otherwise, if price falls and closes back into the trend channel, it's a big move down!
Clearly in a bear market, China slowdown, low price of oil, FTSE in a channel, debt defaults starting (Italian banks).
In addition (and contrast) to my previous post, there is likely to be a good profitable move up when price gets down to 14750/14215. Price moved very strongly away from there in October - this suggested a lot of institutional interest to buy at that level. We want to buy where they buy and sell where they sell. Targets will be the 17500s! EP: 14750/14500...