FTSE 100 Index: UKX - Cycle High - Short Set-Ups with triggersFTSE 100 Index: UKX Long Term Time Cycles in FTSE Index
After rising 10% at the start of the 2018 FTSE has fallen all the way
back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now.
In fact it could be just beginning. Probably the greatest trader who ever lived, WD 0.61% Gann , told us to measure
time cycles from high tolow and low to high as well as high to high and low to low and look for potential changes in
trend as these hiddden cyclesrepeat themselves down through time. Previous cycle highs identified the exact date of
the high in 2007 as well as thesubsequent high reached in April 2015 just at the point thatmarkets began a 10 month
20+% correction (for more detailsplease PM) . This cycle marks the period from 10.03.09 majorcrash low through to
the next major cycle low on 06.03.09. From major cycle low to low is 9 years ...which now brings us,
after a 9 year long bull run, to the coming 23 to 27 days,culminating in the anniversary dates between 3rd march and
10th March 2018...
FTSE is already teetering on the brink of critical support at 7092. It has to cling on here on Monday for any failure will tip
this index into bearish territory and trigger a short back to 6868 at least - and then if this level in turn gives way back to
6680-6637. Beneath here the next major support potential lies at the lower parallel and below here at 5777.
So if 7090 gives way on Monday by more than 10 points look to short this index with stops above 7099, targeting 6870
initially, then the 6680-6637 range if 6860 fails to hold during Monday. It's quite probable that should 7090 fail come Monday,
this Index will fall away in stages to test the lower parallel at 6004 on around 5th March - and only then bounce away to the
upside again.This will present some wonderful shorting opportunities along the descent. However, in the very near
term it's likely that contrarian traders will look to go long here, simply because the stop is so close (20 points away
maximum now) but ready to reverse short as above if 7090gives way by more than 10 points. Time, as always, tells.
