Here's an interesting stock index comparison. Notable NASDAQ is the out-performer amongst this group of indices.
On Friday the NASDAQ printed it's all time record highs closing the day at 10,836. Last week this index smashed through the 10,000 handle completely disregarding it for any level of psychological resistance.
Meanwhile the COVID19 reported another...
📌 UK Equities remain vulnerable with Brexit & Covid in play.
(Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...)
(1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally...
There's an interesting battle building up in the FTSE 100 (UK100), after which we should have a much better idea of whether this rebound has legs or they're going to be sweeped from underneath it.
The charts were starting to look quite promising. We had a clear uptrend and price broke back above the 200/233 period simple moving average band on the 4-hour chart....
This is a chart of the FTSE100 on the daily time frame, each bar is 1 day of price action. In this post I talk about the price action of July, bull and bear cases for the FTSE and important levels to watch out for if you're looking to add to positions.
The last time I posted about the FTSE I said it was important that we do not break the 6,000 level, and if we...
Traders, Like SNP500 and US30 we were expecting FTSE 100 to be bearish too.That's what has happened. Now it has reached a level where it could start to move higher. So we need to see what lies ahead. Lets find out.
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FTSE100 -UKX - What can we expect to happen?
I am strictly basing this analysis I share with you today on technicals only with additional aspects of trading psychology.
We have a wedge formation, a break to either direction is key.
We also have the Fibonacci Retracement to keep in mind.
Support and resistance areas combined with key...
I have drew an easy to understand technical chart of the FTSE 100, highlighting the major support and resistance areas from March to July, using a daily chart (each bar is 1 day of trading on the FTSE100).
We can see that the 5,000 area acted as major support level in March, on 4 days wicks broke the 5k level but closed above (that tell us this is a huge support...
FTSE 15 minutes chart below shows that the index has ended the cycle from June 25 low at 6303.40 high as a double three Elliott Wave Structure. Up from June 25 low, wave ((w)) ended at 6262.13 high. Wave ((x)) dip ended at 6087.70 low. The pair then extended higher in wave ((y)), which ended at 6303.40 high. This completed wave 2 in higher degree. The Index has...
Price showed a break of the consolidating triangle. Now at resistance, previously confirmed. Wait for the break to buy to the next level of 6500.
As more of UK businesses reopen, stock market is expected to be bullish.
Please support the idea and share your thoughts on FTSE!
Good Luck and Stay Healthy!
Traders, FTSE100 has taken a divergence from snp500 and fell. This has been showing bearish signs for some time now. So I am expecting it to fall further. Lets see what opportunities we have on it in this multi timeframe analysis and forecast.
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I am so bearish on this market as I am with S&P500
I still think the crash after the triangle will continue.
this is the short term price trajectory I have in my mind.
DON'T SHORT yet. this analysis need to get to the confirmation level