FTSE 5494 - 19 Jan

 

Market Open

Pivot point 5484 favours Short trades. Resistance at 5505, 5520, 5536, 5551, 5570 and 5600. Support at 5480, 5450, 5422 and 5390. Average move on Tuesday has been around 79pts. Day range 5432-5505 with support at Daily 20ema (5442) and resistance at 5505

14:00 Long 5474 (38% retrace) or 5469 (50% retrace)

13:50 15min Indicators
5ema (5470) > 10ema (5463). Macd Bull cross at 12:00 - PASS

13:40 High 5487

1332 Short closed 5460

13:00 Short 5502, Stop 5460

12:53 High 5453

09:44 Day low 5432

08:45 Hourly Indicators
5ema (5484) > 10ema (5487). Bear cross at 15:00  - FAIL

08:40 15min Indicators
5ema (5474) > 10ema (5482), Bear cross at 15:30  - FAIL
   
08:29
Day Low 5459

08:20
Short 5502, 50% closed at 5460. Will close rest on move above 5480
     


Australia ASX200 (4861) was down 50pts 1%. Above support 4860
Japan Nikkei 225 (10765) was down 90pts 0.8% Above support 10700
Shanghai Composite (3247) was up 10pts 0.3%. Below resistance at 3300