FTSE

Interesting target WS!

6751 and 6754 very important numbers for FTSE so that ties in nicely.

here u go . happy friday

dl.dropboxusercontent.com/u/40497882/ftse%2017thmay13.JPG

ftse 5710 - no break no higher.

ftse hit this level in futures in the last 2 days, cash market has failed to exceed this level and again overnight futures could not get a abv it.

if ftse starts to rollover & get below ~6685 it could indicate that level is a significant resistance area

if it does break 5710 - then approx 720 > 757 are likely in the interim.

screencast.com/t/yC9nLFkAB


that make any sense for tonight/tomorrow? Also can I class that as an iH&S?

Ftse Weekly Renko....

dl.dropboxusercontent.com/u/40497882/FTSE_weekly_renko.JPG



Candle:

dl.dropboxusercontent.com/u/40497882/FTSE_weekly_candle.JPG

NOT FAR OFF SHOTRY - IT 'LL GET CLOSE TO IT FOR SURE
screencast.com/t/PQO0d3H2j

WS/J/R or anyone else with a expertise in indices. That would appear to be an iH&S formation on the FTSE with a target around 6700. Does that make any sense with respect to your other forms of measurement e.g. EWT, P&F etc?

Fats

WaveSurfer wrote: yes it does. i'm doing some work on this, when ready i will post, i mentioned a few days back about an alt count i have...

should the us market make new high Spx/naz/ndx has so far, dow has not on closing basis- so need to some confirmation before the alt count is active.

as from our discussion on chat... its buy the dips market afterall

perhaps it may be sell in June instead of sell in May this time round ?