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gillyblore
Jul 19, 2021 7:36 AM

UKX Hourly - Approaching lateral support Long

UK 100 INDEXTVC

Description

The 7025/6080 support area failed as expected following 4 previous bounces and a subsequent bear flag. We are now approaching new lateral support as the RSI heads into oversold territory. I will look to start averaging back into my ISA and SIPP accounts hoping for a bounce. When zoomed out the longer term picture is looking slightly more worrying - we may be approaching a sell a rally vs. buy the dip. Will monitor closely
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