China fell 4% again today (16 Nov), after falling 5% on Friday 12 Nov. SSEC is now below 2900. Looking for a bounce at the Daily 200ema (2900), Weekly 200ema (2800) or the breakout price (2700) triggered on 8 October
FTSE looks like it will test last week's low of 5711 with a Bear target of 5630 seen on Wednesday 27 October within the next few days. Bulls will look to close above the Daily 20ema (5770) today (16 Nov)
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I'm glad to see you're writing this blog again and some good calls for the last couple of weeks forecasts. Mine for last week was 50pts higher than yours but I soon switched it when I realised yours was closer.
ReplyDeleteI'm expecting a down week next week as Fridays close was below the ema 10 & 20 (According to IG charts anyway) The only contrary indicator to this is the bull flag that's forming on the weekly.
I look forward to reading your comments.
Bob