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The FTSE has hit 6950 which was expected if we held 6900 yesterday. A key selling spike after the open may get us short in anticipation of profit taking going into the end of the month... [Signup For The Full Analysis]
Yesterday we had the anticipated sell off after making new highs which produced a doji on the daily chart.
If we hold above 6913 which is the pivot i think we will see 6950. If we reverse and fail to get through these levels its time to sell the index. [Signup For The Full Analysis]
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Dear traders,
Please find below an educational video on why its good to sell markets at all time highs and a
a trade taken for the MFS service today-
Good morning
FTSE ANALYSIS - http://screencast.com/t/FS4n9bnwEH
Official trade - if we see a spike up towards 6950-6960 before or after the open we can sell to target 6928. stop 5 min bar acceptance above 6965. 2% risk
trade not valid if we see 6928 first.
Some of you will be short already unofficially which is fine.
MEDIUM TERM FORECAST - A MOVE TO 6800 IF WE SEE 5 MIN BAR ACCEPTANCE BELOW 6880
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Mark Austin
A strong session on Expiry on Friday has pushed the FTSE out of hours.
It's Monday morning and the FTSE is opening at all time highs, I am expecting a bit of a move down this morning.
I am looking for spike to the upside and then we may see the market move down to attract more buyers.
If we brake down through 6880 thats our confirmation to target 6810... [Signup For The Full Analysis]
After a very positive open yesterday the FTSE failed to get any where and we got a Doji day.
Does the FTSE have the strength to push back up to to the 6940 level before we retrace back? The likely hood is we will get a push up but we need to follow the price action carefully.
the FTSE is bullish above 6860 which is the support line this morning.
If we get acceptance below 6860 then we could see 6800. A false break to the downside we can get long… [Signup For The Full Analysis]
Educational video + today's service trade