The FTSE100 was one of the strongest markets throughout the passing week, printing a HH HL Weekly bar closing on its High. Finally the Weekly swing High at 7067.34 was taken out, and the Monthly bar, 4 days before closing is printing a convincing reversal up. Last Monday the market gave a good signal as Read More
December 2016
After the convincing bullish behavior at the week before, the passing week retraced to test back the 8 EMA, and to reverse back up in a way that cause the 8 EMA to bend and turn back upwards, a strong bullish behavior. Such an opportunity was recommended by the end of the last review. The Read More
The passing week revealed like in other stock markets that the bulls are back, with a convincing Weekly reversal up while respecting the important Low of 6654.48 mentioned coupled of times before. The current bullish setup to reach the 7250 level is back in play. We mentioned in the past also the level of 7215 Read More
The passing week has turn the bullish tendency into bearish, causing the price to decline and penetrate the Daily lower Bollinger band, and to take out the Weekly Low at 6693.26. At last Wednesday, the last day of the Month of November, there was a bullish attempt to close the month higher, that turned out Read More