FTSE traded in a 180pt range last week. 30 min Chart gave a SELL signal on 27 July at
5910 on Wednesday 27 July. Note : I use the ema(9) < ema(50) as a SELL trigger on 30min chart (Short term) , Daily chart (Medium term) and Weekly chart (Long term). Currently, the Short and Medium term are on SELL, with Long term on a SELL signal with a weekly close below
5780. Weekly Pivot
5846 supports Bear move to
5650 this week with strong support at
5645 (16 June low). Last Bear move was 7 trading days to 18 July low
5752, a move down of 300 points.
Bears will look for a break of 5752 with a target
5645 by Friday 5 August ..
| Trade | Price | Stop | Target | Low/High | S1/R1 | S2/R2 |
| Buy | 5650 | 5620 | 5850 | 5952 | 5920 | 6026 |
| Sell | 5850 | 5880 | 5650 | 5772 | 5740 | 5666 |
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