FTSE for 17/03/2020

#FTSE #Gold #SP500 There was a certain thrill at being ordered to ‘self isolate’, when phoning the hospital if it was okay to turn up for a blood test while ‘enjoying’ a dripping cold. Suddenly, life got serious, along with a need to text everyone. The balloon of being special, swiftly punctured, when wife pointed out the only people I tend see regularly are hospital staff every three months for blood tests…

Covid-19 continues to disrupt normal peoples lives with the FTSE suffering a pretty dreadful Monday. If fairness, the drop was kick-started with an opening second 100 point reversal. This proved sufficient to ensure both targets given in our previous report were achieved by 8:30am, damping 289 points in the bank. We’re now rather invested in a simple little movement the FTSE enacted at 4pm.

Our most optimistic thoughts planned for the market achieving a rebound toward 5160 points but somehow or other, the FTSE achieved 5187, holding the level for a few minutes. If this upward surge is a sign of some strength making itself felt, we can calculate movement now above 5187 should bring an initial (tame) 5253 points. If exceeded, our secondary calculates at a more interesting 5424 points.

When we review after hours FTSE Futures, we’re not entirely sold on optimism. Visually, the greater danger appears to be of weakness below 4902 bringing reversal to an initial 4791 points. If broken, near term secondary is at 4738 points.

At present, the FTSE needs exceed 5425 points to break above the immediate March downtrend.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:34:47PM

BRENT

30.71

               

‘cess

9:41:25PM

GOLD

1514

               

Success

9:47:23PM

FTSE

5034

               

‘cess

10:20:46PM

FRANCE

3792

               

‘cess

10:23:16PM

GERMANY

8586

               

‘cess

10:25:56PM

US500

2420.79

2384

2369.5

2257

2475

2454

2484.5

2518

2395

10:29:03PM

DOW

20424

               

‘cess

10:31:13PM

NASDAQ

7068.25

               

‘cess

10:33:22PM

JAPAN

16490

               

‘cess

16/03/2020 FTSE Closed at 5151 points. Change of -4.01%. Total value traded through LSE was: £ 10,538,775,450 a change of -6.31%

13/03/2020 FTSE Closed at 5366 points. Change of 2.46%. Total value traded through LSE was: £ 11,248,883,463 a change of 60.84%

12/03/2020 FTSE Closed at 5237 points. Change of -10.87%. Total value traded through LSE was: £ 6,993,953,766 a change of -24.85%

11/03/2020 FTSE Closed at 5876 points. Change of -1.41%. Total value traded through LSE was: £ 9,307,244,216 a change of -11.98%

10/03/2020 FTSE Closed at 5960 points. Change of -0.08%. Total value traded through LSE was: £ 10,574,130,773 a change of -8.51%

9/03/2020 FTSE Closed at 5965 points. Change of -7.55%. Total value traded through LSE was: £ 11,557,885,051 a change of 24.01%

6/03/2020 FTSE Closed at 6452 points. Change of -3.77%. Total value traded through LSE was: £ 9,320,342,676 a change of 15.12%

 

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