FTSE 100

Bit of news:
FTSE 100 jumps as Bank of England takes extraordinary measures

The Bank of England will expand an overdraft-like facility used by the UK government during the coronavirus pandemic, suggesting that it will directly fund additional spending during the crisis.

The increase in the size of the facility, which has not been used to any great degree since the 2008 financial crisis, has not been disclosed. It usually allows the government to borrow £400m.

Haha - I meant that my son could draw a better C&H than mine

Thanks for the welcome back. When I have to go back to the office I'll probably not have time again but while the lockdown lasts....

Jackozy wrote: I meant on the hourly Libero:

give me a brake brother! I'm trying to do about ten things at the same time when i did that!

(also, surely the daily looks like a C&H? )

Be Well, and Glad you're Back (we need WS and RedChilli, CT79 and we'll be back trading by the minute!)

I meant on the hourly Libero:

Jackozy wrote: There's a potential cup and handle formation on the FTSE hourly (sorry, don't have a chart). The cup has a range of 5350 to 5780. handle potentially forming from yesterday's high of 5782.

Cheers Jackozy, and let me pay it forward (chart attached - with a badly drawn cup and handle - but folks will get it!)

Be Safe.

There's a potential cup and handle formation on the FTSE hourly (sorry, don't have a chart). The cup has a range of 5350 to 5780. handle potentially forming from yesterday's high of 5782.