Here we are more or less back to square one as to where we were in July and testing away at the resistance.
Buyers are showing a lack of tenacity!
If after the Brexit fact (does not really matter if its a deal or hard brexit deal) we can see the possible outflow pressure really start to make itself felt. The strong counter here should immediately come under...
📌 Exchanging
A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives.
In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role...
Here actively looking to build a full sized position in UK Equities on the sell side.
=> Hard Brexit now sitting in 'done deal' territory.
=> All UK sectors are starting to cough and beckoning for help.
=> Expecting the shock to be felt in both the Equities market as well as the Pound (see related ideas).
=> This will detonate soon and provide a category 5...
FTSE continues to strengthen, with the bounce from the 6676.56 monthly low of 4 November posting new highs above the psychological 7200 level at 7211.96.
Continuation to the 7236.25 projection is highlighted, but further gains are expected to prove progressively more difficult to maintain, as studies begin to mature. In the coming weeks, profit-taking risks are...
Potential move up to complete the head and shoulders pattern. That could lead to a fall. At the same time, we could see price move back into value to the point of control, and even further. I do doubt we will see a large fall as the UK market has shaken off Brexit uncertainty extremely well. In this case, it is possible that 3000 could be seen.
There is every chance the FTSE could reach 7000. However, I am bearish the market (and global equities in general) and so would not be a buyer of this until there is indication that the market can come off. If we see the European banking crisis speeding up, or corporate debt issues coming to the fore, then this would certainly impact the FTSE and we would see the...
