FTSE 6731 ranged between 6023-6875 a 12% swing in 2013.
Bull Case: Any breakout and weekly close above 6800 will give a 2014 target around 7400.
Bear Case : Any break below 200ema (6525) and weekly close below 6400 will warn of a retest of 6000.
Expect FTSE to trade 6000-7400 in 2014
Bull Case: Any breakout and weekly close above 6800 will give a 2014 target around 7400.
Bear Case : Any break below 200ema (6525) and weekly close below 6400 will warn of a retest of 6000.
Expect FTSE to trade 6000-7400 in 2014
Hi Sparky. Thanks for the blog. Could you give some clue as to how you call trend changes on FTSE. In the past you used a cross of 5 on 10 daily ema but you are making calls much earlier now. I would be interested to know what you are looking at. Thanks. Pete
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