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hilsdentrading

Looking like 7565 is the short term high. Drop down to 7450

Short
UK 100 Index (TVC:UKX)  
hilsdentrading Updated   
TVC:UKX   UK 100 Index
Chart Patterns Beyond Technical Analysis ftse100 FTSE ftse100short
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chartpattern beyondta ftse100 ftse ftse100short
FTSE 100 might well have topped out at 7565 recently and is about to start a leg down to the 7450 support area. Dow is about to hit 23k, while the S&P is struggling to break 2560.
Comment:
Dropped down to 7483 this morning so could be the precursor if the next bounce to 7535 is sold into.
Trade closed: target reached:
Hit the 7450 and a bit lower, hitting the lower support at 7430. Having now bounced to 7520, we might see a leg down to 7400 before a larger rally
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