April 2017

The passing week ended as an inside bar, still respecting the most important Low around, the Low of February at 7093.5, which is the Monthly last Low before the High. The Monthly bar of April closed finally above the 8 EMA short term sentiment line, with clear sign of weakness. It never touched the upper Read More

The passing week with its news turned out to be a big shakeout against weak Longs in the FTSE. The abbreviated trading week has begun with a gap down and weakness that pushed the market down considerably, with a volatility that has been seen since the US elections, back to the root level of the last February Read More

FTSE was one of the stronger stock markets over the passing week. The week has started with a tiny Daily Doji while the rest of the week continued revolving around the middle, closing at Thursday a bit weaker, below the Daily 8 EMA. Eventually, the Weekly bar closed above the 8 EMA short term sentiment Read More

The passing week was basically a sideways action, printing eventually an inside Weekly bullish bar, closing above the 8 EMA short term sentiment line, a clear sign of strength. But, don’t let the inside bar, tiny range and the sideways action to mislead you. The week showed an important indication for the next move. The Read More

The 1st Quarter of 2017 ended with a Doji type of Weekly bar, still hanging above the 8 EMA short term sentiment line, but weak. The Weekly bullish Pinbar printed four weeks ago has failed to trigger the market up till the 7470 level as its Low (the Stop level) has finally been taken out. Read More