The FTSE was one of the strongest indexes throughout the passing week. Technically we can relate some of this strength to the weakness of the GBP, respectively. The market did print a Daily bearish pinbar on the 6812 resistance level, as suggested in the last review, but it hasn’t been followed by a thrust down, Read More
September 2016
In the passing week, the market has entered a bearish setup upon taking out the Weekly Low of 6723.21. The Stop level is above 6928.25, whereas the target for this setup is the 6510 level, which is also a retracement of 38.2% of the bullish wave that has followed the Brexit decision. An extra bearish Read More
After the potential Daily bullish setup introduced here last week, the market did consolidate for one day, but instead of continuing the thrust up it has shown signs of weakness for most of the passing week. So far, certainly before taking out the Weekly Low at 6723.21, – it is not bearish for the short Read More
The passing week started with a weakness that eventually caused the bullish idea suggested here in the last review to fail, and the market continued the previous bearish setup to its target, and even more downward. Friday has turned everything up side down by making a bullish kicker pattern with a bullish bar that covered the Read More