#CAC40 #SP500 Our attempt at being funny with a Xmas Calendar has ‘kinda’ fallen apart with the markets experiencing a truly grotty start to December. Even Greggs, purveyors of future waistline problems, are looking slightly dodgy, despite rumours suggesting they are doing the catering for the Nato lunch at Buck House!
It appears anything near term below 2004 on Greggs should find a bottom, ideally prior to 1885p. Should 1885 break for any reason, the share price “almost” must bounce at 1839p as the implications below such a level look about as unpleasant as that pie vendor beside the main entrance to Waterloo. Or to be plain, 1432 becomes the best hope for surprise recovery, though the Big Picture tells us bottom should end up at 1020p. Hopefully this scenario is unlikely. Painting a picture where a share price halves always feels like a venture into panic mongering.
More hopeful appears any rebound capable of exceeding 2150p should bring the share price up faster than an undiagnosed Coeliac (the gluten thing) looking for a loo, after eating a Greggs sandwich. Initially, we’re calculating growth to 2274p but visually, our secondary calculation of 2458 looks very realistic.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
9:38:17PM |
BRENT |
60.93 |
‘cess | ||||||||
9:40:50PM |
GOLD |
1477.85 |
Success | ||||||||
10:05:47PM |
FTSE |
7185.67 |
Success | ||||||||
10:18:12PM |
FRANCE |
5758.9 |
5695 |
5681.5 |
5586 |
5772 |
5772 |
5776 |
5803 |
5710 |
Success |
10:20:41PM |
GERMANY |
13055.56 |
Shambles | ||||||||
10:23:42PM |
US500 |
3092.12 |
3069 |
3059 |
3045 |
3107 |
3104 |
3109 |
3126 |
3079 |
Success |
10:26:54PM |
DOW |
27495 |
Success | ||||||||
10:30:15PM |
NASDAQ |
8254.07 |
Success | ||||||||
10:32:29PM |
JAPAN |
23122 |
Success |