Ftse100
Nasdaq, SPX500, FTSE100, XAU/XAG Ratio#Nasdaq setting up for more downside. #SPX500 could have completed the C leg as its move is equal measured. Although, big picture S&P500 could well correct to the fib 50 of the last wedge down at $2,892 #FTSE has had an extended B leg so I am expecting an extended run up to £6,708 the 618 fibonacci retrace or £6,867 the fibonacci extension. That's what I am expecting next in the #UK100
#Gold is locked in a sideways channel having not even tested the 236 fib or the 21 week EMA which I'm expecting, especially when you consider my last chart the Gold/silver ratio which I am expecting to go all the way to 30 to complete an 10 year double bottom. This would mean a three figure silver price and when you consider silver is $24, I am boldly saying DO NOT BE IN #GOLD, BE IN #SILVER!
THIS IS A CLASSICAL TECHNICAL ANALYSIS. A VERY SOUGHT AFTER SKILL
#trading #bitcoin #forex #btc #ethereum #technicalanalysis #defi #forex #currency #eth #fx #stockmarket #stocks #coinbase #cryptocurrency #blockchain #markets #crypto #gold #silver #preciousmetals
The S&P 500 Index, No More PoliticsWe looked at the S&P 500 Index (SPX) and also took into consideration its potential effect on politics and vice versa... (see related ideas below this post)
Our support has been taken out and the day started red...
Let's have a look at the SPX chart and see what it has to say.
Chart Analysis | SPX Daily (D) @AlanMasters
We now have full bearish indicators for the SPX.
The MACD easily moved below zero and gaining bearish momentum.
The RSI is now below 40 looking weak and with room for more low.
Prices closed below EMA50 easily and the lower trendline is being tested as support.
According to all the chart signals, the SPX is bearish and continue to drop.
We also looked at the Dow Jones (DJI)
And FTSE100 (UKX)
Namaste.
FTSE100 (UKX) Bearish & LowerThe FTSE100 (UKX) looks strongly bearish while aiming lower.
We have multiple signals that support the above...
1) Prices moving below EMA10/21.
2) MACD trading below the zero line and looking weak.
3) The RSI is trending lower yet still good.
4) Bad news for UK with a new lockdown likely taking place.
5) Less political manipulation of the market allows easier for RED to be printed.
The UKX is very likely to continue lower.
Conditions for change
If prices move and close weekly above 6068.1, the above signals are invalidated.
Any trading below EMA21 and we remain strongly bearish.
Remember to hit LIKE!
Namaste.
Long FTSE100Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing and making small bet, we seem to be holding steady above the 6000 big figure. We still got reasons to buy at this point, that would be a solid discount. For the fundamentals as worse as it is, UK seems to be making trade deals with other good economies, Japan for instance. I wouldn't make a big sell bet right now, that's why for this week, we looking to go long on UK FTSE 100 Index
A ideal entry will be 5915, with invalidation points being around 5750, targets could well be above 6100 to 6250. Just a personal outlook, take at your own risk.
HAPPY TRADING
Bitcoin Is Doing Worse Than Major Equity Indexes The Past MonthRupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added.
The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while the European and U.S. markets are tanking.
#FTSE100 (UK100) Reached first profit targetTraders, as per our weekend multi timeframe analysis, FTSE100 has reached its first profit targer. More can come if this market picks up momentum. FTSE100 (UK100) reached the first profit target of the pattern. I did not take this long but it was a very accurate trade. Congratulations to those who took it. 👍😄
Here is the video stream where we discussed this:
www.tradingview.com
If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss.
Disclaimer:
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions.
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ridethepig | Selling the Footsie📌 Exchanging
A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives.
In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role in hijacking the flows into UK assets. Recommend avoiding a waste of energy and time attempting to defend portfolios with UK exposure and subsequently focusing elsewhere.
Just think back to our coverage of the Pound when buyers were eaten up. This time sellers of UK exposure wish to occupy the downside in Equities to deliver complete annihilation of the economy. With 6,000 holding sellers have time to prevent the recovery and can move lower into Wednesday. The correct path of least resistance is to the downside, a break below 5,775 will leave buyers no choice but to capitulate.
Thanks all for keeping the feedback coming 👍 or 👎
ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play.
(Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...)
(1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified.
(2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x.
(3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility.
(4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide.
(5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive.
(6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water.
Thanks as usual for keeping the feedback coming 👍 or 👎
UK100 6024.3 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL Hey Every-one
Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any sort.
let's see how it goes..
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 6070.5
TP 2 - 6111.0
SL - 5985.5
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
🐻FTSE is in a bear market - 2 levels to look out for.The FTSE100 is clearly in a bear market
It's running under the Ichimoku cloud, the 50 day MA is turning lower, RSI moment is bearish and major UK stocks are heading back to their March lows. There seems to be a small section of UK stocks that are doing well, but even those are looking a little overstretched now.
Levels to look out for 5,700 and major support at 5,550.
I have linked to my last idea where I went over in detail the bull and bear cases for the FTSE should you want to learn more.
FTSE100 - UKX - Range Bound. FTSE100 Weighted by various components, as well as that there was news that few companies from FTSE100 index will be removed and replaced.
However, let's focus on technical aspects:
We are within a range bound area for a while! Could look at it like bullish flag or a wedge/Triangle pattern (Be careful of fake break out). Which ever way this index breaks - I have kept the key support and resistance areas lined up. Those will be the areas I will be looking into in-depth. I advise you to perhaps add alerts or feeling towards risky side at limit orders, so you won't miss the trade opportunity!
Just a trading idea, not a recommendation.
Best wishes,
Trade Journal