FTSE 100

Man Alive!

Diver - hope you're well.

I think we'll look at 4675-6300 it won't breach that surely.

If there's a panic going on right now, then it is very orderly.

Be well.

dl.dropboxusercontent.com/u/7238706/FTSE%20100%20CashWkly.png

Might we possibly be looking at a 50% PB on the overall move up from 3460 - circa 5290?

Not wanting to panic, or even predict. Just putting it out there as a possible.

My pension is saying 'No Thnaks!!'

.

Nice breakdown on RSI. 61.8% fib meets nicely with blue trendline. Target 6474 if MA200 @ 6748 falls:




Spyder also showing signs of breakdown




F4T

Remo,

Do you see this as a correction now ? I noticed the Dow broke 18000 yesteday as well which seemed like good support and its lower again today so far ...

yep, ..good spot..
it is a 123 high but look where the 200EMA is as well. Bang on that breakout point.
So could give this support on a first attempt basis for short term. If that fails as well then this could really tumble.
A finish below the 200ema could amplify the move down so one to watch.
123 highs aint as good as 123 lows thou. Ive seen more false signals from 123 highs than 123 lows.
but a finish below 6810 is the warning sign.



dl.dropboxusercontent.com/u/4899609/ftse1005thjune2015.png