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Weather outlook for the FTSE

Reading price charts which may give you direction in the market using established TA methodology
DiamondEcho
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Re: Weather outlook for the FTSE

#59101

Postby DiamondEcho » June 10th, 2017, 9:33 am

...since I have them open here are the FXEmpire TAs for Monday and for next week as a whole.
https://www.fxempire.com/forecasts/arti ... sis-413477
https://www.fxempire.com/forecasts/arti ... sis-413529

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Re: Weather outlook for the FTSE

#60991

Postby DiamondEcho » June 18th, 2017, 7:39 pm


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Re: Weather outlook for the FTSE

#61157

Postby DiamondEcho » June 19th, 2017, 2:50 pm


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Re: Weather outlook for the FTSE

#66635

Postby DiamondEcho » July 12th, 2017, 11:10 am

Today from IG: https://www.ig.com/uk/indices-news/2017 ... -dow-39031

And from the above here's the next hurdle to the upside: 'Should we post an hourly close above 7392, then this could point towards a breakout in play.'

We broke 7392 at 10.47am. Can it hold it for another 38 minutes? Hmmm... something of a 'Are you feeling lucky?' moment.

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Re: Weather outlook for the FTSE

#66649

Postby DiamondEcho » July 12th, 2017, 11:42 am

This is a nice chart, it illustrates how we've been range-bound during July. And also how relatively narrow the scope currently is on both the up and down-side for a longer-term break-out.
https://www.dailyfx.com/forex/technical ... Rtech.html

Index dipped below xx92 at 11.40am. So no Closed Hourly Candle this morning, it managed 53 minutes :roll:

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Re: Weather outlook for the FTSE

#67542

Postby Jonetc15 » July 15th, 2017, 4:45 pm

The range-bound state of the index suggests to me cause for concern for two reasons. First, it has lasted a considerable time, which may mean that the eventual break-out will involve a substantial move. Second, it's difficult for me to see scope for more upside, which in turn makes me feel very cautious.

Jon

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Re: Weather outlook for the FTSE

#67554

Postby DiamondEcho » July 15th, 2017, 5:44 pm

FTSE-100 +0.5% over the last 6 months vs S+P500 +8.1%. I think there'll be a +ve break-out in due course, and that's precisely why I'm holding off selling anything until...? later this year. First we just need to start fording the walls of Doomageddon Bull$ coming out of the EU.

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Re: Weather outlook for the FTSE

#82918

Postby DiamondEcho » September 23rd, 2017, 10:26 am

Since I have them open I'll post the links...
Nice to see he's, on balance, strikingly optimistic this weekend.
As usual, note the articles are transcribed by voice>text software and you can get some puzzling typos. If you've time to run the embedded audio-visual walk-throughs it will clarify any that you can't figure out. I also find the latter can be useful anyway, as he can mention something in the AV that isn't in the text, and his tone of voice conveys an added layer of emphasis.

Daily 25-Sep, and weekly for next week (which usually also includes the horizon further ahead).
https://www.fxempire.com/forecasts/arti ... sis-439022
https://www.fxempire.com/forecasts/arti ... sis-439074

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Re: Weather outlook for the FTSE

#87738

Postby DiamondEcho » October 12th, 2017, 5:21 pm

IG this morning had 7553 as a pivotal Resistance level, having been the August high, the index closed at 7556.24. But then again tomorrow is usually 'risk-off Friday', especially in these nervy times, so I wonder if it can held through tomorrow close. I suspect the US and Asia overnight will set the tone for the FTSE open tomorrow... fingers crossed.

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Re: Weather outlook for the FTSE

#90089

Postby DiamondEcho » October 23rd, 2017, 12:44 pm

http://www.iii.co.uk/articles/453931/ft ... roper-move
'FTSE 100: It's next 'proper' move
FTSE this week (FTSE:UKX)'

Weekly TA outlook from iii. It incorporated this interesting observation re: opening gaps.

'We hate spikes upward at the open of trade as generally they presage a wasted day. Essentially, it feels like the market indulges all the work for the day during the first few seconds, then leaves everyone hanging. Our argument remains - if an upward spike at the open is not bettered within the first 90 minutes, why not go do something else. Also, the converse remains true - if a downward spike occurs at the open, perhaps some excitement is planned for the day.'

----------------------------
IG still noting a resistance zone formed last week around 7550, with a close above 7560 needed to get free of it.
7483 = first support level being the prior week low from Thursday.

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Re: Weather outlook for the FTSE

#91999

Postby DiamondEcho » October 31st, 2017, 9:56 am

From today's TA at IG
'The ability to break through these points of resistance will tell us a lot about the ability of the index to continue pushing upwards. An hourly close above these points[*] would go a long way to proving that the recent downside is set to reverse. Ultimately, a break above 7520 would be the key bullish indicator to negate the recent downtrend.'
https://www.ig.com/uk/indices-news/2017 ... -dow-40466

[*] To summarise the highest of them was 7510 - and it got the Closed Hourly Candle above at 9.50am. It'd be nice to get the break-out above 7520 but with the Fed this evening and the BOE tomorrow I'll not be holding my breath.

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Re: Weather outlook for the FTSE

#94852

Postby DiamondEcho » November 11th, 2017, 7:08 am


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Re: Weather outlook for the FTSE

#97197

Postby DiamondEcho » November 20th, 2017, 1:37 pm

http://www.iii.co.uk/articles/461387/he ... t-ftse-100
'Something worrying about the FTSE 100'

A striking TA, given the continuing sideways drift, and how it notes nine levels between 7100<>7890

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Re: Weather outlook for the FTSE

#97366

Postby langley59 » November 20th, 2017, 10:21 pm

I would say that on a weekly chart the FTSE 100 is still in an uptrend, ie. it has a succession of higher lows and is above the rising 200 day moving average. However there is a possibility that the failed upside break at c 7550 (30th May and 30th Oct) is a trend ending characteristic. We shall see.

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Re: Weather outlook for the FTSE

#100691

Postby DiamondEcho » December 2nd, 2017, 6:44 am

Yep^, we've been in the 7200/7600 consolidation range for 6 months now, and I don't see that changing whilst BREXIT also rumbles on in a 'sideways' (inconclusive) fashion.

Meanwhile, since I have them open, the daily/Monday and weekly from FXEmpire:
https://www.fxempire.com/forecasts/arti ... sis-454801
https://www.fxempire.com/forecasts/arti ... sis-454865

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Re: Weather outlook for the FTSE

#102996

Postby DiamondEcho » December 9th, 2017, 4:37 pm


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Re: Weather outlook for the FTSE

#104367

Postby DiamondEcho » December 15th, 2017, 1:26 pm

https://www.ig.com/uk/indices-news/2017 ... #lb-chart1
Daily from IG. For the first time an embedded vid is also included which gives a run-through of the usual text based analysis. A nice touch, helping connect the text and static graph with the video. Perhaps they'll do this vid daily in future - would be nice.

The vid starts off covering the FTSE-100, that segment is c2 minutes long, (then it continues to others, Dax, Dow...)

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Re: Weather outlook for the FTSE

#104390

Postby DiamondEcho » December 15th, 2017, 2:43 pm

Daily from III. Just noticed it, they only seem to publish on Monday and Friday.
Posting it because despite being written late last night [UK time], his analysis played out well. Wilt on the open, 7431 being a 'must bounce' level [it did so at xx33.8], then a range of targets to the upside.
http://www.iii.co.uk/articles/469037/ft ... ay-outlook

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Re: Weather outlook for the FTSE

#104493

Postby DiamondEcho » December 16th, 2017, 11:24 am


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Re: Weather outlook for the FTSE

#104848

Postby DiamondEcho » December 18th, 2017, 5:45 am

A new source I think... DailyFX https://www.dailyfx.com/forex/fundament ... DFXgeneric
Dec 16th Outlook:

' The Bank of England held on rates at 0.50% on Thursday, along with keeping its bond-buying program at its current pace. Unsurprisingly, this brought little reaction to the pound or the FTSE. The calendar for next week is light on data. The market will be watching how developments unfold with headlines regarding the second phase of ‘Brexit’ negotiations. Any big moves which may develop in GBP are likely to see the FTSE sway in the opposite direction.
The FTSE is still holding onto recent gains from the springboard bounce off of the 7300-area. There isn’t much preventing the index from testing prior record highs, but the 7550/600 area has been staunch resistance since May and will likely prove to be a challenge. Risk trends are favorable and if sterling weakens materially, like the DAX & euro, there could be a ‘double tailwind’ which gives the 100 the nudge needed to record fresh record highs. Friday’s low at 7434 is the first level of support, then followed by the 200-day just above 7400. '


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