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
2017
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
Except for last Monday, the rest of passing week was bearish, starting with a Daily Upthrust (false thrust up) above Monday’s High turning into a relatively strong supply down to 7300. But even that won’t make the Weekly closing below the 8 EMA short term sentiment line, a clear sign of strength. On the other Read More
The market has printed another bullish Weekly bar, where most of the advance took place last Thursday. As commented in the last review, after the reversal attempt up on the previous Friday that lacked the thrust up at the end, a bullish Daily bar that closes above the Daily 8 EMA short term sentiment line Read More
After the big bullish Marabuzo two weeks ago, there came another consolidation week, yielding an inside Weekly bar. Last Thursday ended as a bullish pinbar on sloping 20 SMA, but that bar closed relatively weak, below the Daily 8 EMA. Last Friday changed some of the atmosphere, but didn’t manage to close strongly. Another Daily Read More
The FTSE has printed a bullish Week bar, mostly due to last Wednesday, with an impressive bullish Marabuzo Daily bar not seen since December 7th. In the last review I’ve mentioned the reversal down the market did when it had a good chance to break up with strength. The manipulation of the market was clever. Read More
The thrust up above the previous Friday’s bullish pinbar ended as a false thrust up, before a clear signs of weakness for the rest of the week, finally ending the whole week as a bearish OKR. This was an important indication where the market could take out the all time High and demonstrate strength for Read More
The market has reached the target of 7310 mentioned in passed reviews, by printing another bullish weekly bar, with some shortening of the thrust. The market is in a Monthly bullish setup to reach the area of 7600 by a follow through model seen on the Monthly chart. Last Friday ended as a clear sign Read More