Days before the Brexit poll, The FTSE100 entered a bearish setup in the passing week by breaking down the 6050.21 level. As mentioned in the previous review, the target for this setup is at the 5800 level area. This area is also the Monthly and Weekly lower Bollinger Bands, and a major Daily support level Read More
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The stubborn sideways action continues, but the passing week revealed a considerable sign of weakness, by making an upthrust (false thrust) above the previous two week range, finally taking out their Low at 6109.58 as well. This kind of price action, followed by a thrust down in the coming week is bearish, but the real test Read More
After breaking up the 2 Week range in the previous week powerfully than expected, the passing week was no surprisingly a consolidation and testing again the 2 Week mid range, as this price action suggested two weeks ago. The Monthly bar of May ended as a small range LH LL (Lower High-Lower Low) bar, in Read More
The bullish thrust seen in the main stock market indexes hasn’t skipped over the FTSE100, and a strong break up above the previous two week range appears very clearly. However, please pay attention to a shortening of the thrust that took place in the last 2 trading days. Price moved sharply from one edge of Read More
FTSE Indexes were higher Wednesday after stocks in Europe gained broadly. The FTSE 100 was higher at 6,262.85 for a gain of 43.59 points or 0.70 percent. The FTSE 250 was higher at 17,232.64 for a gain of 96.97 points or 0.57 percent. Source: FTSE 100 and FTSE 250. Google Finance. In the U.K., financial and Read More
FTSE Indexes were higher Tuesday after stocks in Europe gained broadly. The FTSE 100 was higher at 6,219.26 for a gain of 82.83 points or 1.35 percent. The FTSE 250 was higher at 17,135.67 for a gain of 103.93 points or 0.61 percent. Source: FTSE 100 and FTSE 250. Google Finance. Stocks leading gains for Read More
FTSE Indexes were mixed on Monday as stocks trended mostly lower globally. The FTSE 100 was lower by -19.89 points or -0.32 percent to close at 6,136.43. The FTSE 250 was higher at 17,031.74 for a gain of 109.68 points or 0.65 percent. Source: FTSE 100 and FTSE 250. Google Finance. Mixed trading for the Read More
During the passing week, the FTSE100 has still been trying to find a direction, and as mentioned on the last review, there wasn’t any good swing setup. So goes for the coming week. The fact that the last weekly bar, after extending the range of the previous Weekly bar, closed like the latter, in the middle, -calls Read More
FTSE Indexes were higher on Friday after regaining losses from the previous day with the market factoring in higher potential for a U.S. federal funds rate increase in June. The FTSE 100 was higher by 102.97 points or 1.70 percent to close at 6,156.32. The FTSE 250 was also higher at 16,922.06 for a gain Read More
FTSE Indexes were lower on Thursday as traders reacted to signals from the U.S. Fed minutes on its next rate increase. The FTSE 100 was down -112.45 points or -1.82 percent to 6,053.35. The FTSE 250 was also lower at 16,730.11 for a loss of -151.13 points or -0.90 percent. Source: Google Finance. Stocks traded lower Read More