Good morning
After a volatile Friday session the FTSE will open flat this morning.
Friday's session penetrated the MA 20 however we closed above this level so this cannot be treated as a valid sell signal. If anything it was shaking out too many investors long in this market.
In terms of Elliott wave theory I have attached a chart showing a potential ABC correction. Wave B finished at 5832 on Friday and we could be due a decline to retest 5700.
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
Secrets of day Trading Methods
Get immediate access to the 'Secrets of Marks Day Trading Methods' today!
Market Trading Can Be Challenging -
Find Out How Mark Can Assist You.
You'll also start receiving my daily Market Review
e-letter for free as well. All you need to do to is pop your name and email address into the box below.
0 comments:
Post a Comment