UK100 (FTSE 100) Bullish Setup | Day & Swing Outlook๐ฅ Bullish Bias โ Tactical Opportunity in UK100 (FTSE 100) ๐ฅ
๐ Asset: UK100 / FTSE 100 Index (largest 100 companies on London Stock Exchange) โ benchmark for UK equity sentiment & global cyclicals.
๐ง Setup & Trade Plan
Bullish Plan: Anticipating continuation from value area / liquidity sweep, confirmation of buyers.
Entry: Any favorable price level BUT Thiefโs preferred LIMIT LAYER entries (zone stacking) at:
๐ 10,160
๐ 10,180
๐ 10,200
(Precision entries for better R:R โ if price respects buyers here, odds tilt bullish.)
Stop-Loss (Thief SL): ๐ 10,120
(Adjust according to your risk tolerance โ trade safe, manage risk before entries.)
๐ฏ Profit Target
โ๏ธ Primary Target: 10,350+
Rationale: Potential reaction zone โ overlapped resistance, overbought divergences, correlation trap zone โ consider partial profit taking. (Not financial advice; scale out with structure.)
๐ Related Markets / Pairs to Watch
Monitoring correlations can help confirm trend strength and risk sentiment:
๐ GBP/USD
Weak GBP often boosts UK100 performance (many FTSE constituents earn overseas revenues).
Watch for strength/weakness sign changes around key levels.
๐ EUR/GBP & EUR/USD
Can signal broader risk shifts and GBP cross moves. Positive EUR/USD often reflects USD weakness which may align with equity strength.
๐ S&P 500 / US Indices
Global risk sentiment influence โ broad equity strength often lifts UK indices.
๐ Gold & Commodities
Risk-off lift in gold might signal equity hesitations โ use for context.
๐ Key Technical Notes
โ๏ธ Price zones respected โ layered demand strategy adds precision.
โ๏ธ Watch for structural breaks or topping tails on higher TFs for reversal cues.
โ๏ธ RSI / Stoch divergence tools can help confirm entry timing.
๐งพ Fundamental & Macro Factors
๐
Upcoming Events That May Influence FTSE 100:
UK economic data (GDP, inflation prints, labour stats) โ impact sentiment and monetary stance.
BOE interest rate expectations / policy bias โ can shift GBP & equity flows.
Major global macro events (Fed pivots, US job data, China trade cues).
(These drive broader risk flows and can swing indices fast.)
๐ Economic Influence:
UK100 has strong international revenue exposure โ GBP weakness often boosts FTSE returns as overseas revenue translates into stronger GBP earnings.
๐ Risk Management Reminder
โ This idea isnโt financial advice โ do your own analysis & size positions according to your personal risk rules. Trade with discipline.
๐ Thief OGโs โ Letโs Swipe Profits, Not Dreams.
๐ โEvery breakout once lived as resistance. Patience picks the lock.โ
๐ Stack entry zones, manage risk, take profits โ thatโs how professionals trade.
Ftsemibindex
ridethepig | FTSEMIB๐ This diagram comes after the conversation with @lu1977hk, and is no more imaginative than the positional flows across the global equity board.
In Italian Equities the initial offensive targets for sellers come in at 18,466; 17,643 and 16,819 from a "fibs perspective". The connection of further downside in European and Global Equities is more or less the same sort of difficulty all round. Think of this like a composer trying to adapt the pianist to enter into the full orchestra. FTSEMIB shorts are another to add to the basket.
French Equities:
German Equities:
Eurostoxx:
The theme appears to be across the board on an epic level, with the whole series of European markets in a downwards move towards support. In reality, however, this manoeuvring shakeout is going to be strategically important from a positioning perspective for when we are loading the lows (we will cover that later in 2021).
Thanks as usual for keeping the feedback coming ๐ or ๐
๐ฅNot even Winston Churchill can save the FTSE from free-fall๐ปThe FTSE 100 chart on the monthly looks pretty bad.
We can see bearish divergence since 2007, with the market rally going off very little momentum, it briefly touched the oversold area once in 12+ years, which shows a lack of strong buying, and a bubble in the market.
The first 2 arrows show the FTSE toying with the idea of breaking the Ichimoku Cloud (a versatile indicator that defines support and resistance), with the financial arrow showing that we dropped right through it.
The bubble has now popped, the question is can we re-inflate it?
What's happening in the UK right now on the macro front
- Lockdown fully ends around July 4th
- Locals scared to leave the house
- 6 month mortgage holidays and credit card debt
- Furlough scheme is the only thing keeping people off the streets from rioting
- Businesses that were unprofitable being bailed out
- Brexit
- Peaceful protests
UK is a nation built on debt, nobody has savings (well very few).
This can be seen with 6 month mortgage holidays, the UK government paying people to stay at home and not work, badly run businesses getting bailed out.
Even the airlines cannot lose a month without going under.
With fear and lack of growth, where is the UK going to get power to recover from its all-time highs?
When the furlough ends, many on it will lose their jobs. And when the mortgage holidays end and people have no money to pay for it, what will happen next? I see lots of down-side.
There are a lot of bear cases for the FTSE 100, and very few positives.
The UK will need a sharp rebound, V-shaped for the FTSE to keep moving upwards. For now, the rally is based on hope and government stimulus, which is moving us up, will it continue?.
If you like my macro view on markets, check out my other charts as I often give macro updates on major markets like Gold, S&P, oil etc.
FTSE MIB - POTENTIAL BOUNCE FOR ONE MORE WAVE DOWNFTSE MIB has broken the main uptrend on daily chart. Bullish divergence for a potential bounce, but i'm expecting one more wave down.




