The FTSE was one of the weakest stock markets throughout the passing week. The volatility of the US elections shared by all other stock indexes was expressed as an almost inner bar for the previous Weekly bar, that was volatile by itself. However, it wasn’t a Weekly inside bar as it took out last week’s High, Read More
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We haven’t seen such a volatile Weekly bar since the post Brexit days. The Month of October ended as a bearish pinbar on the upper Bollinger band, and a thrust down made on last Wednesday signaled a bearish move of the same magnitude. Prices almost reached the exact magnitude target, practically we may say that Read More
The passing week was very dull in its range, and closed as an inside Weekly pinbar, above the sloping 8 EMA short term sentiment line, a quite bullish picture on the Weekly. Pay attention that taking out the last week’s High is a bullish signal, but since the Weekly bar is an inside bar, it Read More
The signs of weakness which I’ve pointed out in the last review didn’t prove themselves, as a new all time High has been achieved. Again, the market showed signs of weakness right after making that High, didn’t manage to touch the upper Bollinger band, and closed the Weekly bar as a Doji. Achieving a new Read More
The FTSE was the highest volatile index throughout the passing week among main stock indexes, where much of the credit belongs to the GBP. The week started by taking out the previous week’s High and negating a Daily bearish setup mentioned in the last review, breaking up strongly all the resistance levels mentioned. By taking out the Read More
The FTSE managed to close the Quarter close to its High, pretty strong. The Monthly bar ended as an inside bar, and the Weekly bar managed to make a HH HL bullish pinbar on a sloping 8 EMA. At first sight the picture looks strong, but this price action may turn out to be very Read More
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
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