FTSE

id short on a first attempt basis at 6377...
The best level to go short on the ftse is when it test the all time high at 6751. Thats well worth the short on a first attempt basis..

ill post a chart latter

Attached is a chart with two lines one at 6300 from the second high in 2007 and another at 6700 which was the high in 2007.

My thinking is that the RSI is now higher than it was back in 2007 and seems to have maxed out although there is some momentum in the rise.

Hi SpideyMonkey,

I'm quite new to trading myself but I do find when asking for advice on this forum you might get more luck if you post your own thoughts first, e.g. why do you think 6300 is a good place to short the FTSE? That way the more experienced posters can also give you advice on your own trading methods at the same time.

Thanks
Amo

Could 6300 be the top for the FTSE 100??

Interested in your thoughts..

Looking to short the FTSE100 or 250 for a small retrace any idea where a good top point to enter the short would be?

I am thinking 6300 for the FTSE 100 & 13150 for the FTSE 250

Would love to hear peoples thoughts..

Thanks
Spidy

here we go ....no sell signal at all, 1487/1499 spx possible today or tomorrow.

depending on where we close may get a day trade sell signal (scalp), better to buy the effing dip on that pb.

max pullback i see from there will be 1468/75 area.

1 spx pip = 10 dow pips approx.


line in the sand is 1461. enjoy W3.