FTSE 100

I think our bear market could go to 5250 or thereabouts this summer
before a corrective wave into the new year. The only issue I have is that both 1 and 5 look extended when normally only one impulse wave is. Having said that, the lower low at 5 looks reasonable.




F4T

Hi all

First post here so please forgive me if this does not post correct, if not I shall try again.

My view for a potential short opportunity on FTSE 100

Good luck

Really mixed view out there. S&P & FTSE made new lows but as you say finished strong. Still, looking at the daily picture there are clear lower highs and lower lows in place.

Currently short on the S&P but getting twitchy. Currently minded to wait until after the FOMC meeting before deciding on whether to close the short or not.



dl.dropboxusercontent.com/u/24866576/Dec...07-12-19%20S%26P.png


The DOW & Nasdaq are looking stronger but too much sideways action for me.

Cheers
M

sorry that was the wrong chart thats when I called the 123 high shame I didnt back it with real money lol I've attached the correct one now

FTSE looking extremly oversold now looking at stochastics its generally bounced back once its gets this far oversold also looks like its on some decent support for now ... Dow Jones & SP500 both finished higher this evening ... Thoughts anyone ?

Not too sure as my Premium access expired and I assumed that's the reason. Will get back on it this Sunday and look forward to see you there WS! Good Weekend!