MAGNETIC FTSE Trading Report - 31 October 2016

Its the end of the month which should keep a lid on any rallies however we do need a break of 6900 now to confirm the market is rolling over with a correction down to at least 6800 in place.

A quick move up to 6990-7000 is worth looking for reversal signals to get short...

MAGNETIC FTSE Trading Report - 28 October 2016

Today if the FTSE fails to close the gap at 6986 or hits this level and puts in a decent reversal signal this would add further confirmation of a drop to 6800... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 27 October 2016

MEDIUM TERM FORECAST A MOVE TO 6810...

MAGNETIC FTSE Trading Report - 25 October 2016

A negative outside day on the FTSE yesterday is now paving the thought process that we have seen a temporary top in the market with 6800 as a target.

MAGNETIC FTSE Trading Report - 24 October 2016

Everything is bullish now unless we see a move back below 7000 after which i will conclude a correction is coming in to target 6800. Like wise a move above Friday's high at 7058 will indicate a move to 7094... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 21 October 2016

The FTSE has a layer of resistance between 7020-7020 today and if we fail in the range after the open and break below yesterdays low at 6997 then we can conclude that the FTSE is rolling over with a potential move back down to 6800... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 19 October 2016

The FTSE remains good for buy trades today whilst we are above 6970 level.

MAGNETIC FTSE Trading Report - 18 October 2016

The pound is weak and we are in a very positive environment... why are we not rallying to new highs? This is why i feel a correction may well come in before the US elections... the bigger players want better value to BUY in from lower prices... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 13 October 2016

The FTSE has declined to 7000 as expected. If we break below 6985 then we have a sell signal in place... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 12 October 2016

Minus development at ALL TIME HIGHS. We mentioned the value of selling 7100 and higher this week to target 7000. This remains valid.

MAGNETIC FTSE Trading Report - 11 October 2016

7075 - 7070 is a key level today. If we break above then we are long T 7140...  [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 10 October 2016

Retests and a break below 7000 is likely before the end of the year!

MAGNETIC FTSE Trading Report - 07 October 2016

FTSE technicals are still very bullish BUT with the pound seeing further weakness and the FTSE seeing weakness in early trading this could be a warning sign for a major turn to the downside. 

A break of 7000 today could well see a move to 6940... [Signup For The Full FTSE Report and Video Clip]

MAGNETIC FTSE Trading Report - 06 October 2016

We had an inside day yesterday so a break of 7078 is BULLISH with a target at 7140...  [Signup For The Full FTSE Report and Video Clip]

The psychology behind buying the highest price

FTSE HITTING ALL TIME HIGHS...

 

Mark Austin Trading

UK's Premier Online FTSE Subscription

 

THE PSYCHOLOGY BEHIND HOW WE TRADED IT,

Click below:

http://screencast.com/t/zhvDdvhBZGLa

All the best,

Mark

MAGNETIC FTSE Trading Report - 05 October 2016

We should see the gap fill at 7074 whilst we trade above 7000.

MAGNETIC FTSE Trading Report - 04 October 2016

We go the break out yesterday which is a short term positive sign the FTSE will go higher and this is supported by a continuing weak pound making the FTSE attractive to overseas investors.

MAGNETIC FTSE Trading Report - 03 October 2016

Its the first of the month today so buying the dip towards 6876 makes sense with stops below 6850... [Signup For The Full FTSE Report and Video Clip]