FTSE 100

You aint gonna believe this....
The ftse 100 has gone past 61.8 fib level with ease and this should have been the bottom of the bear market yet it hit this in one month....
Obviously bear markets last around 6 months and yet this has hit the level in under 1 month....So it looks like a full retracement of the previous bull market is happening as 61.8 fib should have held so now the target is going to be 3500.....
Next support is at 4790 and once that goes the next level of support will be 3500...

ftse - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...n7cyrzqGJJPN+tu13H8=

key 6000 level failed...
key 5500 level failed and retested...

4000 door opened...now much more than just a distinct possibility imvho... oh dear!

right off to work...(and yes... i do have a job!)

atb,wdi,,dyor,
trendfriend

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...UaXHNV9Ma3G78rj8Q%3D

below 5500 opens up 4250....
crazy markets...more pain to come for bulls imvho..

atb, wdik, dyor,
trendfriend

It seems to.

RDSB, which I was looking at £12.25, is now £10.60.

Is this Armageddon.

Is Shell going under £10?

Did the FTSE really give up a *SIX* percent gain - in a single session?



Madness!

ftse - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...gfodKWBExvW+QqKg3U4=

look at the rsi on the ftse....its on about 11 out of a 100 currently...
unprecedented imvho...

dax - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...KSR1TBfyC6RQvrHVo%3D

even worse here...
we should get a bounce surely...then next leg down?

atb
trendfriend