FTSE100: Breakout to the upside inminent, wait for fundamentals
We're at a make or break level in the Footsie, it has to break to the upside soon, or else we'll see a pullback and lower prices, or a stall in the uptrend and simply more sideways activity.
Right now, you should be flat, but breakouts to the upside can be bought with tight stops. Until fundamentals are out of the way, breakouts might not last, on either direction, so it's probably better to stay put and do nothing for the time being.
Sometimes no trade, is the best trade.
Good luck,
Ivan Labrie.
Right now, you should be flat, but breakouts to the upside can be bought with tight stops. Until fundamentals are out of the way, breakouts might not last, on either direction, so it's probably better to stay put and do nothing for the time being.
Sometimes no trade, is the best trade.
Good luck,
Ivan Labrie.
Comment:
We should turn up from here after London opens.
