WILL THE FTSE 100 COLLAPSE?Will the FTSE 100 collapse?
No idea, the only thing we can do now is sit back and let the markets do the work.
To be fair, GBP has been appreciating rapidly, are we currently in the exhaustive period? Are prices now start to decline?
This obviously has to be taken into consideration when dealing with INDICES.
I've got a few orders filled in.
I'll update you guys!
Ftse100short
Ftse 100 amist the volatilityThe Ftse 100 has been reacting to recent events like article 50 activation and is highly volatile.
But the price is a new fan area so could represent a trend change, furthermore the price broke out of the ascending triangle, and now if the price closes below the 200 MA and the trendline - short.
SHORT FTSE100Already managed to call the top with prior published chart but look here at the comparison with GBP/USD.
Two charts are pretty much inverses of each other up until that long vertical arrow shown.
Since then GBPUSD has recovered nearly all of its losses however FTSE has only retraced a fraction of the gains made in the same time frame. I think a correction will come.
Theresa May set to meet Trump this week and aiming to get a trade deal in place very soon. Could spike sterling further and exaggerate the difference further.
UK 100 : D Keep an eye on continuation or reversal signalAs shown in this chart, there are 02 pissible cases:
- Break of momentum at 7339 level;
or
- BO that can gives more up towards 7539
FTSE100 shortBearish shark harmonic in play, looks over bought on daily chart.
Also expecting USD to come off a little bit which will likely result in this following