FTSE 100

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?

ftse - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...7dU5RFTpQDphrzTIho4=

long term view....this should at the very least drop to the key 6000 level....
if that fails....could this be heading to 4000 again which is around the 2009 support??

atb, wdik, dyor,
trendfriend

This is a first ...lol...





You can see the main trend line broken which starts at the 2009 low....





The dow has a long way to go before getting to the same trend line...which is around 21000 points

worked out perfectly. This should be a free trade now. currently 70 points in profit.

This is currently back testing its breakout point.
maybe worth a short with a tight stop . im using 40 points.

ftse- daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...xm5ZiJGu4Lf4RNNCkcQ=

key, key level 200 day ema line on the weekly chart....at 7036 (today)

A end of week close below, is highly suggestive of a longer term much broader p/b imvho....
how low....lets see if that levels holds or fails by tomorrow...

atb, wdik, dyor,
trendfriend