Tuesday, 9 February 2010

FTSE 5112 - 10th Jan

 
Pivot 5110 favouring LONG wih Resistance at 5145 (28Jan) 5176 (09Dec) and 5197 (18Dec)and support at  5085 (09Feb) and 5033(08Feb). Daily Average move over last 10 Wednesday's is 84pts. Bull Target will be 5200. Bears will be looking for a close below 5060 (05Feb). S&P500 closed up 1.3%.
 
Macd SELL signal on Daily charts with 5ema(5130) < 10ema(5178) < 20ema(5247). 
 
Macd signal SELL on Weekly charts with 5ema(5191) < 10ema(5234)

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