FTSE Pivot is 5518 indicating Market short positions at the moment. Looking for 5545 high this week. Daily 5ema(5473) > 10ema(5420) supports the LONG position. Only 60pts move on average for last 3 Thursday's. Range 5480-5540 today. Market low 5500 at 09:00. Resistance levels at 5318, 5309, 5498. NOTE: Both Long positions at 5440 and 5510 were closed at 5520.
15:45
1.5547 >; 5ema (5532) >10ema (5527) - PASS
2. Macd (6) and rising. - PASS
3. Stoc (57) > 50 - PASS
High 5550, low 5514 BB 5500-5543
Long 5520 Target 5550 (BREAKOUT OF TRIANGLE 5514+5536(HIGH)-5500(LOW)
13:00
1.5520 > 5ema (5518) >10ema (5517) - PASS
2. Macd (3) and flat. - FAIL
3. Stoc (82) > 50 - PASS
High 5522, low 5502 BB 5498-5535
10:30
1.5513 > 5ema (5513) >10ema (5515) - FAIL
2. Macd (3) and falling. - FAIL
3. Stoc (37) > 50 - FAIL
High 5530, low 5500 BB 5494-5533
08:10
1.5513> 5ema (5522) > 10ema (5520) - FAIL
2. Macd (7) and falling. Bear cross (7.5) at 08:00 - FAIL
3. Stoc (53) > 50 - PASS
High 5530, low 5509 BB 5495-5535
S&P500 closed up 0.05% at (1137). Australia ASX closed down -0.33% (4930). Japan (10699) fell -0.45% and below 10700 resistance. Hang Seng (22200) is currently dow 0.95% at 07:40 GMT and below resistance at 23000. .
Hey, if you have an interest in financial spread betting you may be interested in a spread betting forum I’m launching in February on the Trading Spreads website. The forum is now open to registrations but won’t become live until February.
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