Author: Gil Ecker

The FTSE has extended the May Monthly range upwards to touch the upper Bollinger band (very important for the midterm), and even made a new Monthly High on June, but as a whole, the passing Weekly bar shows a shortening of the thrust, finally closing on the middle. Lately the market has achieved three major Read More

The hesitation per the previous Weekly bar (whether it was a stopping action) has faded away. The false thrust down of last Wednesday gave a very good bullish setup once the High of Tuesday has been taken out, at least to the near targets. The market has almost reached the major targets above at 7580-7600, Read More

Seems like the last Wednesday-Thursday “storm” over the stock markets has somewhat passed over the FTSE, as the normal (not panic) bearish bar of last Thursday tested the strong support at 7400 from above, closing above the 8 EMA, a clear sign of strength, while last Friday closed the whole week as a Weekly bullish Read More

Finally, the passing bullish week has revealed the market decision as for the next move. The price took out the Monthly High meaning that the false thrust down of last February has been respected by the market and the next move is probably going to be up to the next major target at the 7600 Read More

The passing shortened trading week was rather bullish, mainly thanks to last Friday, making a Spring (false thrust down turning into a reversal up), but the whole week ended as an inside bar that didn’t take out the previous Weekly High which was itself an inside bar as well. Taking out previous inside Weekly bar Read More

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