FTSE traded in a 214pt range last week. Weekly Pivot 5844 supports Bull move to 6000 this week with strong support at 5645 (16 June low). Bear move lasted 7 trading days to 18 July low 5752, a move down of 300 points.. Bulls will hope to see last week's high 5967 breached with a high by Thursday 4 August 6100. Bears will look for a break of 5752 with a target 5645 by 4 August .
| Trade | Price | Stop | Target | Low/High | S1/R1 | S2/R2 |
|---|---|---|---|---|---|---|
| Buy | 5750 | 5720 | 5950 | 5967 | 6016 | 6098 |
| Sell | 5950 | 5980 | 5800 | 5752 | 5802 | 5670 |
Hi Sparky, Thanks for the site. You sold ftse yesterday at 5910. Good trade. Please could you say what made you pull the trigger? Zac
ReplyDelete