Get started

FTSE 100 Index

UK - Alternative view to 4900: Ascending Channel upI think most are bearish following this descending channel. I had a previous target of 4900 which I hope for. Experimenting with an alternative as the market promises a decent upside. I have particular interest in this exact level: Hypothesis Investors are waiting for the Brexit outcome from the EU talks and US election which will weigh heavily on UK's fortunes. I'm expecting this point to hold to add weight to the being in a UKX larger ascending channel. - Is the ascending channel TA accurate - probably not but I want to at least identify a path upward. Best, Hard Forky
TVC:UKXLong
by hardforky
$UKX Hourly - Bounce but no follow through Index bounced off lateral support following the hidden bullish RSI divergence identified yesterday, but has lacked any meaningful following through. Fundamentally I still think this index is overstretched and happy to put on a decent RR short trade here on the backtest of the broken upward channel. Yesterday we saw the first signs of a possible change in trend. 20 SMA flat lining, price below, and a break and backtest of upward channel. First target = next lateral support around 6205. SL = close above 20SMA around 6380.
TVC:UKXShort
by gillyblore
UKX Another drop is imminent as BREXIT deadline is approaching UKX After the pandemic drop UKX is managed to gain back some of the earlier loses incurred during the initial nation wide lock down period. After the easing of general restrictions and the hope of for economic recovery was started and UKX managed to rebound towards 6400.00 level. And the .50 Fibonacci retracement level is acting as major barrier for the bullish trend. As the deadline for BREXIT talks nearing the positive and the negative statement from both the parties will heavily weigh on UKX index. I am expecting that it will fall towards the Lower channel trend line where it will meet 5500.00 level which is a .786 Fibonacci level. We can see a series of Higher low lower low and lower high pattern which is a clear sign of bearish trend. As the risk off mode kicks in the market the Global indices are eying the south
TVC:UKX
by forexorbit
The S&P 500 Index, No More PoliticsWe looked at the S&P 500 Index (SPX) and also took into consideration its potential effect on politics and vice versa... (see related ideas below this post) Our support has been taken out and the day started red... Let's have a look at the SPX chart and see what it has to say. Chart Analysis | SPX Daily (D) @AlanMasters We now have full bearish indicators for the SPX. The MACD easily moved below zero and gaining bearish momentum. The RSI is now below 40 looking weak and with room for more low. Prices closed below EMA50 easily and the lower trendline is being tested as support. According to all the chart signals, the SPX is bearish and continue to drop. We also looked at the Dow Jones (DJI) And FTSE100 (UKX) Namaste.
SP:SPX
by AlanSantana
19
FTSE100 (UKX) Bearish & LowerThe FTSE100 (UKX) looks strongly bearish while aiming lower. We have multiple signals that support the above... 1) Prices moving below EMA10/21. 2) MACD trading below the zero line and looking weak. 3) The RSI is trending lower yet still good. 4) Bad news for UK with a new lockdown likely taking place. 5) Less political manipulation of the market allows easier for RED to be printed. The UKX is very likely to continue lower. Conditions for change If prices move and close weekly above 6068.1, the above signals are invalidated. Any trading below EMA21 and we remain strongly bearish. Remember to hit LIKE! Namaste.
TVC:UKXShort
by AlanSantana