FTSE 100 - 6 months at most until doom day

30 Kas 2018

A storm is brewing.

6 Ara 2018

İşlem aktif

Almost there. 5 times the trend line has now been hit. The more often a trend hits support or resistance the more likely it is to break through it.

19 Ara 2018

İşlem aktif

Is that a bear flag forming on the stochastic chart or am I seeing things...

26 Ara 2018

İşlem aktif

Divergence over 10 years? The wider it is the stronger the correction, so they say. Starting to scare myself now. The bear market ahead will be unlike anything we're likely to see in our lifetimes.

2 Mar 2020

İşlem aktif

The RSI resistance trend line that started almost 2 years ago continues to hold sway. 5 attempts at breaking the trend have been rejected, this has become a strong resistance now and could continue to hold until the area circled, 2025!

Are we really heading for a 5-year long bear market? Thoughts welcomed!

11 Mar 2020

İşlem aktif

Although the week is not over, this weekly chart shows us previous support has been smashed...



As the trading day comes to a close, the 'buy the dip' brigade have found themselves thoroughly rejected by the waiting sellers. On the daily chart below we can see the formation of a Gravestone candle. The length of the wick is what grabs my attention, I'm used to seeing this in the Crypto markets but not stocks! It would seem the rout is far from over.

12 Mar 2020

Not

Officially now a bear market.

1) 50-day crosses down 200-day moving average

2) Price action below 200-day moving average.

20 Mar 2020

Not

Market closed with a Gravestone DOJI -

Monday / Tuesday is going to be a bloodbath - have a nice weekend!

4 Haz 2020

Not

Take profits up and until 6700. Remember we're in a bear market.

25 Haz 2020

Not

On this 10-day chart the last printed candle shows a 'hanging man' bearish indicator, which is confirmed by a following red candle. Also our previous support was test and is now confirmed as resistance. Downward from here.

3 Tem 2020

Not

I think we're on the verge of a major move. Up or down? That's the question. Probably to the downside. Why? Two charts:

1) The uptrend has made higher lows on support since the beginning of April. This week that support failed.



2) The Bollinger Band shows the index has fallen into the bearish half (under black line). More importantly the mouth of the band is closing in - this is an indication a big move is coming. The tighter it becomes the more explosive the move.

30 Tem 2020

Not

10-day chart confirms hanging man candle stick - bears now in control.

7 Ağu 2020

Not

RSI is now at the same level (circled in purple) as it was in March before the collapse, following a RSI resistance trend line. Price action has also been trading under the 21-day moving average for 18 days now. Might be the last change to get out...

16 Eyl 2020

Not

Price action @ resistance - short to 5600

28 Eki 2020

Not

Major trend line broken today (black circle) - expecting a sudden fall to the downside now as RSI falls below 20.

7 Oca 2021

Not

The FTSE 100 continues to trade under RSI resistance on the 2-month chart (below). Although recent gains suggest a new uptrend has begun, the chart tells me to be cautious.

The 8 year moving average (red line - no idea why price action respects it however it is notable 8 years is the average time between recessions) is currently being tested as resistance. A candle body needs to close on or above before going long or a break of RSI resistance.

Will revisit in the Spring!

23 Nis 2021

Not

For multiple weeks now price action has been bouncing inside a bearish rising wedge pattern. There is no possible trading opportunity whilst inside this pattern, too risky. One must wait for confirmation.

Typically these patterns continue as they started, if price action fell from above it shall continue that way. However, there is a bullish case... There is a reduced probability of price action breaking out to the upside. That will be very bullish indeed. Look for a breakout + support on previous resistance.

If break out to the underside, that'll be hell. Projected target is around 4500.

8 Tem 2021

Not

Price action breaks out of rising wedge pattern on 10-day opening the path for a -20% drop in the market to the 5600 area.