MAGNETIC FTSE Trading Report - 30 May 2017

The FTSE is making all time highs and then selling off. The index is tiring and although the trend is up I would expect some profit taking ahead of the month end tomorrow. Therefore if the FTSE rallies today I will be looking for a short for us going into tomorrow.

MAGNETIC FTSE Trading Report - 25 May 2017

The FTSE is opening strong today on the back of a strong American session and the gap at 7515 will most likely fill.

 

MAGNETIC FTSE Trading Report - 24 May 2017

The FTSE made an all time high yesterday in the futures market and then closed on the days lows. A negative signal.

MAGNETIC FTSE Trading Report - 22 May 2017

A strong pound and major resistance at 7510 means the FTSE will most likely consolidate between 7400 and 7510 for the next few days.

MAGNETIC FTSE Trading Report - 19 May 2017

Its expiry day and we have a trade setup for that. http://www.markaustintrading.com/promo/promo-half-price-offer.html

MAGNETIC FTSE Trading Report - 17 May 2017

I will be officially be looking for a long for us this afternoon for the dividend once I see how America opens.

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The short term trend is extended and we have seen 7 up days

MAGNETIC FTSE Trading Report - 12 May 2017

Major resistance is between 7400-7430. I am expecting a short term pull back from this area.

We had seen back to back trending days. I now expect a pull back to 7355

MAGNETIC FTSE Trading Report - 10 May 2017

The ftse remains bullish above 7284 and with a 15 point dividend today, traders can look to buy pull back. 

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A break of 7250 opens up a move down to 7205

MAGNETIC FTSE Trading Report - 08 May 2017

Whilst above 7250 we can expect further gains on the FTSE but we do have resistance at 7340. 

MAGNETIC FTSE Trading Report - 05 May 2017

The FTSE remains range bound between 7281 - 7195 with a break confirming direction.

 

MAGNETIC FTSE Trading Report - 03 May 2017

FTSE remains neutral at the moment whilst below 7270 and above 7270. Given we are at the top of the neutral range and we are struggling at last weeks sell break zone at 7250 then we have the favour downside for now.

MAGNETIC FTSE Trading Report - 02 May 2017

A break of 7195 at this stage is bearish and target 7135-7110.  Sign up here for the complete instruction.. http://www.markaustintrading.com/promo/promo-half-price-offer.html