FTSE 5522 - 6Jan

FTSE Pivot is 5505 indicating Market Long positions.  Looking for 5545 High this week with a possible spike to 5600. Market is indicting a possible flat open at 08:00. Daily 5ema(5460) > 10ema(5410) supports the LONG position. The Daily MACD(12,26,9) is now above 50. Market open at 5522 and was up 0.12% at 5530 by 08:02. Only 60pts move on average for Wednesday. Range 5470-5550 today. Looking to enter a short on the High today. Possible Long from 5500-5507. low reached 5498  at 10:11 and again at 11:20. High reached 5518 at 11:08. Market closed at 5530, having reached a high of 5536 at 15:12.

16:30
1.5ema (5526) > 10ema (5520) -PASS
2. Macd (8) positive and rising. Bull cross (70 at 15:30  - PASS
3. Stoc (88) > 50 - PASS
High 5536, low 5513 BB 5494-5537

14:00
5516 > 5ema(5511) > 10ema(5510) on 30min charts
High 5517, Low 5500, Macd(5.6) Stoc(68), BB 5498-5528
Long 5510 Target 5540

11:30
5509 < 5ema(5510) < 10ema(5511) on 30min charts
High 5518, Low 5498, Macd(7) Stoc(62), BB 5500-5534

10:00
5501 < 5ema(5513) < 10ema(5514) on 30min charts
High 5532, Low 5501, Macd(12) Stoc(27), BB 5488-5540


08:00
5530 > 5ema(5523) > 10ema(5519) on 30min charts
High 5531, Low 5500, Macd(17) Stoc(74), BB 5507-5537
MACD Bear cross at 15:00 on 5th Jan. Warning !!!

S&P500 closed up 0.3% at (1136). Australia ASX closed flat (4921). Japan (10731) up 0.46% managed to close above 10700 resistance. Hang Seng (22400) up nearly 0.5% looking to retest of High 23000.