UK 100 Index

(Derived Data)

UKX TVC

(Derived Data)

gillyblore

Bear flag targets 7055 - This index has been feeling heavy since yesterday and we have just received our first technical pattern to confirm

MaverickTrading

I don't know what to tell you folks I'm seeing patterns from 2008. OANDA:UK100GBP TVC:UKX FOREXCOM:UKXGBP NYSE:DOW Not only will Global markets be affected this will create a recession. INVEST IN BTC...

without_worries

For the past year FTSE 100 price action has been trading inside a bearish rising wedge pattern following the March 2020 sell off. Price action has now completed its journey to resistance (look left) at the same time it has broken out of the wedge. The last time this occurred was in January 2020. Currently, on the above 10-day chart, price action is meeting with...

gillyblore

Decent bounce o/n / this morning following yesterday's sell off. I still favour a further move to the upside to test the initial break down. Can potentially see a bit of consolidation here in the red zone before targeting 6980. RSI has also broken out.

gillyblore

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...

ProAnaly

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malkeetreyad

UKX (FTSE FUT) has broken support trend line and is ready for correction to ultimate level of 6500 keeping SL of 7200. Refer chart for further analysis. TVC:UKX

Peet_Serfontein

A bearish trend is applicable below 7150. Downside 'price momentum supports the bearish trend. RSI leaves enough room for such downside. There is a weak indication that a trend might be developing.

gillyblore

The index failed to make a higher high and has been trending lower all day. The 6980/7025 area has been tested 4 times and bounced aggressively - I doubt this will be the case on the next test. THe more times a level is tested the more likely it is to break/fail. I'm currently holding a short position (to hedge equity), but keeping an eye on the overhead open...

gillyblore

Previously bounced 3 times off 7025. The more times it tests, the less likely it will hold. BUT move has been quick and price is extended from its 20day SMA. This favours a bounce here or at the very least a consolidation.

gillyblore

A break above 7150 (downward resistance) can see the index shoot higher towards full 7200 target. There is a gap at 7188 that I have been keeping an eye on and would like to see filled.

gillyblore

Selling will really kick in below 7000

Melissa_Amana

As @Traderwell requested, here’s my view about the UK100! Short-term, the 7072 is a support that must not be lost, otherwise, we might just lose the 7k again. The breakpoint is 7118, as if UK100 breaks this point, then it’ll aim higher levels. The danger lurking the index is the head and shoulders, a bearish pattern that...

gillyblore

Feeling a little bit overdone here.... sitting on lateral support and RSI heading into oversold. Annoyingly missed the short opp as I dont like shorting with gaps overhead. Think this might be the turn lower here but hoping for a bounce and consolidation first

gillyblore

Looking for a gap close at 7188... SL =7140. Decent RR here for a long I think

hilsdentrading

The FTSE100 nearly managed the 7225 resistance level yesterday before selling off and then the Fed drove markets down lower later in the day to a low of 7131 overnight. The bulls have fought back a bit though and we are at 7150 as I write this. The S&P managed to get back above 4200 as well and now needs to defend the 4190-4180 level. If it does so then a rise...

hilsdentrading

Today's big event is the Fed later and we may well continue to tread water this morning ahead of that at 1900 this evening. Interestingly, with the S&P dropping off the 4265 resistance level yesterday and never regaining that level the 2h chart has gone bearish with 4256 resistance - if we get a rise to that during today ahead of the Fed then we may well see some...

harryjan

A final push to end of wave before consolidation in 6800s