Wednesday, 6 July 2011

FTSE 6024 Buy triggered on 29 June at 5780

Weekly Pivot 5888 supports Bull move to 6100 this week with strong support at 5645 (16 June low). Up move has lasted 8 days with a rise 391 points to 6036.  Summer low retest by Friday 15 July is the Bear target. Looking for the FTSE to trade in a narrow range between 5900-6150 for the rest of July and August.

Trade Price Stop Target Low/High S1/R1 S2/R2
Buy 5950 5920 6150 5999 6101 6213
Sell 6120 6150 59505680 5777 5563

YEAR HIGH DATE LOW DATE Points DAYS
2011 6104 03May 5644 16Jun 446 32
2010 5801 26Apr 4790 01Jul 1011 49
2009 4517 1Jun 4130 08Jul 387 26
2008 6377 19May 5071 16Jul 1306 42
2007 6750 18Jun 6496 27Jun 254 7
2006 6133 08May 5467 13Jun 666 26

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