Tim Young, Day Trader at Ayondo, joined us in the Tip TV FInance Show to discuss the technical charts and outlook ahead for the UK market equity index FTSE 100, along with Zak Mir, Technical Analyst at Zak’s Traders Cafe.
Key Quotes
“FTSE 100 remains overbought at the moment, as seen on the daily charts”
“Overall direction is still upwards based on the monthly charts.”
“The employment numbers in the US today will give some direction to the index”
“Buyer around 6530, expecting it to go down over the next few days and the US employment number might be the catalyst for this. Pullback before we go higher towards 6800”
“We are going to be well over 7000 by the end of the year”