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FTSE 100 Index

FTSE (UKX): Its At A VERY Important Point! +320 Points Profit! If you follow the FTSE at all and you also follow my trades, well, you've been KILLING IT! We just closed our LONG trade on the Footsie and bagged another +320 points to go along with that +635 points whooper of a trade when we caught that collapse back in January. That is a +955 points profit on 2 trades! Yep, we are 100% on our trades in the FTSE so far since we started offering analysis on it. Do the math. Each point is worth £5. Anyway, I'm not here simply to toot my own horn. Others here do that more than enough! I tell you about what I and my subscribers did simply so you will at least pay attention to what I have to say so that you may have some confidence that I know what I am talking about. Then maybe you might learn a thing or two from my posts. After all, I don't post for my own health! Ok, so now that we have closed our trade and done everything EXACTLY according to our trading plan (do you have one? You BETTER before you ever take any trade!), we are out and are now waiting on what is to come next. And what is that? A possible BIG reversal back down! Maybe even bigger than what we made on the way up! It is now retesting that broken trend line of the broken trading channel it had previously been in for a some time. This is very typical price action in that prices will usually (but not ALWAYS! Nothing is 100%) retest whatever level, zone, formation, pattern or trend line it broke from. And then IF it gets rejected again (like a jilted lover), it will react violently and usually forcefully in moving away from that rejection point. And usually, that move in the opposite direction is not a simple retracement but rather a complete reversal in direction. That makes for a strong move away. Yes, it certainly takes some skill, experience and expertise to recognize and differentiate from different types of price action in this setup but when you can recognize it and MORE IMPORTANTLY take advantage of it, you can score your self BIG WINNERS like we do! So watch the trend line and prices and see what happens BEFORE you leap and take a SELL! You need PATIENCE! I can't emphasize that enough! PATIENCE! Remember also that this has been a strong uptrend and you don't want to go against such a move! Let it prove that it is done first!
TVC:UKX
by EverythingForex
4
Burford Capital May Be About To BreakoutBurford Capital is still advancing since bouncing off the support level. Price may not move fast in a direction but as long as it is consistent then we just need to follow our plan. The plan in this case is to be patient and still wait for a break of the resistance level before entering a long trade. As you can see, the all-time high is not too far away so we may see an opportunity very soon. More updates to follow. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
LSE:BURLong
by Sublime_Trading
7215 resistance now support for a push toward 7300/7350Whilst its still volatile, the bulls have managed to break above the 7215 resistance level overnight on the FTSE 100. That should in theory now become support and as long as the bulls can defend this level then a rise towards the next key resistance area at 7325 is possible. The S&P has defined the drop to 2610 yesterday and testing 2650 again. Ball is firmly in the bulls court. A break lower below 7215 leads back towards 7100.
TVC:UKXLong
by hilsdentrading
Burford Capital Moving Up AgainBurford Capital is showing signs of potentially breaking out after bouncing off the support level which I mentioned in this post. This is what we want to see after price breaks out of consolidation, a retest of the consolidation zone then a bounce off that zone, then a move in the direction of the main trend. We now just need to confirm a bullish trend may unfold by waiting for a breakout of the resistance level highlighted. Price looks to be travelling up at a good pace and we may see that breakout soon so it is just a waiting game for now. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:BURLong
by Sublime_Trading
Burford Capital Update on the support levelBurford Capital is still hovering around the support level which I mentioned in this previous post. It is normal for price to retest the consolidation zone but it is unclear for now whether price will return back to consolidation or bounce off that zone before moving higher. The time in which this may happen is not certain right now but what is certain is that we must stand aside. Remember we are still waiting for the breakout of the 19th March high at £15.38. Until that happens we need to look for opportunities elsewhere. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:BURLong
by Sublime_Trading
The UK Indice at a Deciding PointThe UK FTSE 100 appears to be bearish but on closer inspection of the weekly chart, it shows us that the bigger trend is still bullish. Price is at a strong support area which could hold strong and send price back on its way up. We can not predict the next move but we can be ready for the possible outcomes and take advantage of it. If price starts to head back up then we can start to buy UK stocks. If price breaks the support zone then we can start to look for shorting opportunities in UK stocks. Either way we will be able to make profit in the market but we just need to be patient and wait to see which direction price moves next. Any comments or questions, do not hesitate to leave them below. Sublime Trading
TVC:UKXLong
by Sublime_Trading
Burford Capital strikes through another resistance levelBurford Capital LSE:BUR breaks out again. After the breakout of consolidation I mentioned in my previous post that I will wait for the next breakout before entering. The reason for this was to make sure the breakout was not a fake breakout. We now have another breakout but the pullback only lasted for one bar. We would prefer to see a deeper pullback (bullish flag). Another reason for not entering this trade yet is due to the FTSE 100 TVC:UKX breaking below a strong area of resistance yesterday. What we would like to see now is for the FTSE 100 returning back above the support area to ensure we still have strength in the market. Keep this stock on your watchlist and more updates will follow. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:BURLong
by Sublime_Trading
ASOS update...we have a breakout.Asos LSE:ASC breaks through previous high after bouncing off the 50 simple moving average. See previous analysis This breakout helps us to confirm the buyers are in control for now but will things stay that way. Underneath price we have the 50 moving average which has proven time again that it is a strong support level so this can help keep price up. Contrary to that we have the £80 round number above price which could act as a strong psychological resistance area and hinder price from rising. Right now we don't know what will happen until we reach that point so it would be worthwhile holding back from jumping into a trade until the battle is over and there is a clear winner. If price does breakout through £80 then that area will be a support area and with the 50 moving average also as support then the probability weighs in the favour of a continued bull trend. Any comments or questions, do not hesitate to leave them below. Sublime Trading
LSE:ASCLong
by Sublime_Trading
FTSE volatilityTVC:UKX is looking to breach the Red Komo (cloud) on the Ichimoku. It hit the top resistance blue line and is now headed to the bottom support blue line around 7106. Could be a near term short play and the geo-political backdrop is reinforcing this (lots of bad Brexit news and retail sector suffering Toys R Us, Maplin have gone into administration and several companies including Foxtons have reported drops in profits). Medium term I'm expecting the volatility to continue in and around the range of the blue resistance and support lines.
TVC:UKXShort
by x18nas
Divi driven rise but looks bearish still, drop to 7100I feel that shorting the rallies is still the best play for the moment, with the 7240 area initially resistance to watch today. There is still a chance that we rise to the out of hours Sunday high at 7328 but it was only the larger divi yesterday that fuelled the rise, so a bit of a big ask for the bulls. The 2 hour chart had resistance at 7275 and if you ignored the divi overshoot we have dropped off that level. I am looking for a drop down to 7150, especially if the 7179 support breaks today, and then 7100 below that.
TVC:UKXShort
by hilsdentrading
FTSE: Don't Say You Weren't Warned! +643.5 Points ProfitsSo how many of you were surprised and got caught off guard with the recent market bloodbath? Be honest! Were you all surprised about it? If you weren't and you cashed in on this massive drop, congrats! As for me, I warned about a coming BIG MOVE way back on January 9th on my site to the people who trusted me that this was coming and issued a SELL recommendation to them. And BOY! Did it pay off for them! If you trade indexes, then you know what kind of profits were made on this. Here's what I posted here on January 29th as well: " FTSE: Set For A BIG Fall! Could Be Worth 600+ points! So Far +82 ". Did you listen? If you did, congrats to you! But now that this has happened...what now? Well, what this massive drop has done is to launch the Footsie into a corrective phase. As my wave count shows, the highs were the end of a long wave 3. What follows a wave 3? Why of course...a corrective wave 4. This drop was only the first salvo fired in this wave 4 and this means that prices are heading even lower than the lows of this spike down. But as with any corrective wave, things are not going to be crystal clear as to the how this correction will unfold and where and when the good trading opportunities will present themselves. I am constantly analyzing and re-analyzing this and many other indexes and trading instruments and I update my charts to my followers daily. Unfortunately, I don't have the time to post them here. PM me if you want to know how to get the updates.
TVC:UKX
by EverythingForex
8