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The FTSE 100 couldn't really push past the 7500 level yesterday in what was another flat session, rising from just 7490 to a session high of 7510 before dropping back in the evening as the Brexit bill...
The FTSE continued its rise yesterday and broke through the key 7480 resistance area to test 7500 where we had that fib level. The bulls couldn't push any higher than that, despite the US rising to a...
Bit of a mixed bag yesterday as the markets recovered from their lows, but all three - Dax, S&P, FTSE - dipped below their key support levels for the day. Oil tumbled the most in two months, while...
Well the FTSE was certainly in its own little world yesterday as expected, though the lower support levels held for a few points from the long. However, the bulls never really got going, and indeed...
Friday saw some pretty wild swings with the tax bill finally passing, after markets had declined on more political uncertainty in the US, with Trump/Russia etc still hanging in the air. US markets...
The US tax outcome turbo charged the US markets yesterday with decent rises on both the Dow and S&P, the latter hitting a session high of 2655 and the Dow 24330. The FTSE however, was the polar...
Today I am looking at shorting a possible rally up to the 7411 area and then see if we get a run down to 7352 or lower. Below here the 7336 fib level might hold as support, with 7300 below that. With...
The bulls managed to break the 7412 level yesterday and that was worth hopping on the long at 7421 as we got a rise to 7470. Closing there was ideal, as the FTSE 100 fell sharply as the UK Brexit...
This morning I am expecting a dip down towards the support area at 7350/7360 and then a possible bounce back towards the 7400 level. The bulls will be keen to get the price back above 7400 asap...
The FTSE failed to match the bullish exuberance of the Dax and S&P on Friday, rising from a low of 7390 to hit a high during the session of 7420 in what was a very lacklustre performance. The...
FTSEWith the drop off 7460 yesterday the 2 hour chart has gone bearish and is showing resistance at 7412, while the 30min chart is showing resistance at the 7422 area. With the US closed today we...
FTSE 100: 7450 ResistanceAnd the bulls are back - think they must have been to Asia with Trump as since he got back the S&P has bounced steadily from the 2555 and broke a new record yesterday...
To start with this morning the 7359 is fairly key support and we might well see the bulls defend this initially. There is however a few key resistance levels at 7380 which looks like it might be a...
Markets declined yesterday on further profit taking but also setting up a nice dip to buy into. The S&P long at 2558 was nigh on perfect, though the FTSE and Dax slipped a bit lower below their...
Was a fairly decent day yesterday in terms of the orders, though with the weakness gold recovered after our initial short and pushed above the 1280 level. US markets fell initially on news that the US...
For today, similar to yesterday's missive, I am expecting a 'V' shaped dip and rise day. 7450 looks fairly key for today and the bulls will be keen to defend that level as a break of that opens up a...
The FTSE bulls failed to break through the 7533 level yesterday and we had a bit of a dip back towards 7500. But the FTSE bears couldn't break 7500 so we ended up with a pretty flat day on the FTSE....