FTSE

dl.dropboxusercontent.com/u/7238706/FTSE...0Cash%20%28hr%29.png

This is the hourly chart and it clearly shows 6,606.80 as the next target for the FTSE. This is a balanced position in fib terms with plenty of support.

Look a little further out, at the Daily......


dl.dropboxusercontent.com/u/7238706/FTSE...sh%20%28daily%29.png

....and you'll see how this has looked for support at similar fib levels in the recent past.

did not see your post jackozy...dohhhh

6876 is the level to watch for a breakout.
This is looking good .Dont jump the gun ..



dl.dropboxusercontent.com/u/4899609/ftse1006thmarch2014.png

That should read "week of 27 Dec 1999" not 2014 obviously.

Already this year (while US indices were falling in Jan) FTSE has closed at its highest weekly level since Dec 1999 with a 6829 close in the week of 13th Jan 2014.

In fact, in the week of 27 Dec 2014 it closed at 6930 after achieving an all time high of 6950. That was the only time FTSE ever closed a week higher than current levels and we currently have a weekly marubozu in play on the cash chart.

Reports from Saxo Bank say that Instis are on a big commodity buying spree with silver on its biggest rally for 45 years.

Perhaps FTSE is finally playing a bit of catch up with the US markets? A close this week above 6830 and especially above 6875 could see a big breakout move from that ascending triangle. Could be just about right to tie in with the end of Primary wave III in the US markets around April.

i see different, could be wrong tho