FTSE 100

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

Yesterday saw this close below the main uptrend support from the 2009 low. Today saw a perfect backtest of that break. 5252 and 5025 next downside targets.

I imagine there are going to be some interesting point and figure targets either already triggered or to be set when we get upward corrections - has anyone had a look?