After global tensions increasing and the UK Putting sanctions on Russia we have seen a fall in the price of the FTSE followed by a rise on Good company earnings and Oil company profits with rising prices due to the threat of supply.
As we return to former highs and some strong resistance we can look to get short on the FTSE. We can progressively Trade this move down to some comfortable support for an full exit before turning long. The current price rejection zone is being hit by impulsive upmoves.
Good analysis just thought it was worth also mentioning for those looking to go in with short positions to be very aware of Ex-Dividend as they may get hit hard on large amounts if they trade large sizes as I do. If your trades fall outside of the Ex-Div window then no impact and if your in a buy position then you get paid nicely. Good luck everyone and thanks Will
WillSebastian
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@giotaylor1000, Yep good point. Also note we want to Trade small due to global Tensions and current Market sentiment.