The anticipated FTSE correction is well under way and as mentioned previously I have targeted this to end between 5820-30. As long as prices do not close below 5820 we are set to make fresh highs in the next few months. However a strong downward break of 5820 would indicate a deeper correction towards 5600 and possibly confirm a top was formed at 6090.(double top).
It is expiry today (10-10.15am) so I would expect volatility to increase after this event and into next week. This will increase trading opportunities especially on the magnet side.
For the complete report simply sign up to my daily FTSE Trading analysis.
0 comments:
Post a Comment