#Gold_Futures #SP500
There are two words best not mentioned in polite company nowadays. Obviously, one is “smoking” but the other proved to be something of a surprise. The word “bluetooth” appears capable of driving previously calm folk into an absolute fury. It’s a basically simple technology, just a private wireless network between a phone and a device.
Unfortunately, the ‘device’ end is where everything tends go horribly complicated and infuriating as the customer is transported into the competence of whatever minimum wage nerd in a gadget manufacturer thought was a good idea. A recent example was delivered by Santa to a grand-daughter, a digital microscope. For some reason, the child wanted her phone connected to the machine as she wanted to capture a video of a leaf. This particular rabbit hole took several hours to escape, due to a particular piece of insanity from Apple which required deleting all other devices the iPhone had previously been paired with. This evening, a device designed to analyse Type 2 Diabetes blood with a quick jab in a finger, utterly refused to pair with a phone, until such time the Android phone had been reset. Pairing Bluetooth often becomes ‘a mission’, thanks to designers being allowed to introduce their own way of doing things. The Diabetes machine failed, due to the gadget cheerfully pairing with the Android instead of being manually forced to pair using the App for the machine. Discovering this design flaw consumed a greater part of the evening, the App deciding it cannot live in an environment where something else discovered the blood testing device before it did.
That other word, “smoking”, still can drive folk a little mad, often for the wrong reasons.
Obviously, in todays world, smoking is frowned upon but in reality, many folk still indulge in the habit. Just visit a hospital to view the quantity of staff and patients, each with their own version of a bicycle shed where they are forced to act out their craving, usually in full view of self righteous critics. Chatting to the owners of a few local shops, it appears cigarette sales, despite the product now hidden away in shame and the packets unbranded, remain fairly resilient, something reflected with BATS share price. For some time, we’d suspected initiatives worldwide must eventually harm BATS but in reality, it grows difficult to identify a danger sign which shall indicate the presence of a cliff.
However, one interesting aspect of BATS movements took place last year. We’d calculated the potential of a share price lift to 3740p and price movements triggered this possibility. Unfortunately, our target failed to materialise, the lift falling above at 3650p with the price now being walked downhill. The implication is of weakness as we’re maybe witnessing the first signs of potential trouble.
Another area causing concern is the Red uptrend since 2009. Between 2019 and 2021, considerable care was employed to ensure BATS didn’t slump below Red, a phenomena quite visible on the chart. We’ve shown an inset on the chart, highlighting what happened in 2021. The visuals imply this was more than just an amazing coincidence in trading but instead, a hard decision by “the market” not to allow BATS share price to retreat. It makes us question what shall happen, if this market resolve weakens?
Presently trading around 3150p, it appears below 3100p risks triggering a reversal cycle to an initial 2200p with secondary, if broken, at 1750p. The 2200p level should worry traders, creating a new lower low and opening the door to all sorts of future mischief. If playing sane, a break of Red at 2600p shall probably be the last straw.
Maybe we’re looking for trouble where none exists. Just taking a walk around the exterior of any financial institution reveals plenty of folk still smoke and this alone may prove sufficient to impart confident in BATS share price. Above just 3460p currently looks capable of promoting now to an initial 3690 with secondary, if beaten, at a visually sane 4160p
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:58:28PM | BRENT | 79.71 | |||||||||
| 10:00:15PM | GOLD | 1878.36 | 1867 | 1864 | 1859 | 1876 | 1881 | 1887 | 1893 | 1869 | |
| 10:02:16PM | FTSE | 7716.44 | |||||||||
| 10:03:58PM | STOX50 | 4082.2 | ‘cess | ||||||||
| 10:06:05PM | GERMANY | 14851 | |||||||||
| 10:07:43PM | US500 | 3921.17 | 3882 | 3862 | 3832 | 3922 | 3922 | 3937 | 3960 | 3882 | |
| 10:30:51PM | DOW | 33704 | ‘cess | ||||||||
| 10:36:58PM | JAPAN | 26270 | ‘cess |
10/01/2023 FTSE Closed at 7694 points. Change of -0.39%. Total value traded through LSE was: £ 5,451,478,270 a change of 2.33%
9/01/2023 FTSE Closed at 7724 points. Change of 0.32%. Total value traded through LSE was: £ 5,327,251,474 a change of 8.1%
6/01/2023 FTSE Closed at 7699 points. Change of 0.86%. Total value traded through LSE was: £ 4,928,257,963 a change of -18.51%
5/01/2023 FTSE Closed at 7633 points. Change of 0.63%. Total value traded through LSE was: £ 6,047,458,257 a change of 10.27%
4/01/2023 FTSE Closed at 7585 points. Change of -100%. Total value traded through LSE was: £ 5,484,169,808 a change of 0%
29/12/2022 FTSE Closed at 7512 points. Change of 0%. Total value traded through LSE was: £ 2,614,666,454 a change of 0%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AZN Astrazeneca** **LSE:EME Empyrean** **LSE:IHG Intercontinental Hotels Group** **LSE:MKS Marks and Spencer** **LSE:POLY Polymetal** **
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Updated charts published on : Astrazeneca, Empyrean, Intercontinental Hotels Group, Marks and Spencer, Polymetal,
LSE:AZN Astrazeneca. Close Mid-Price: 11802 Percentage Change: + 0.56% Day High: 11886 Day Low: 11666
Movement now above 11886 should attempt an initial 12020 next with seconda ……..
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View Previous Astrazeneca & Big Picture ***
LSE:EME Empyrean Close Mid-Price: 0.95 Percentage Change: -9.62% Day High: 0.95 Day Low: 0.9
This has the potential to become interesting, if the share price exceeds 1 ……..
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View Previous Empyrean & Big Picture ***
LSE:IHG Intercontinental Hotels Group. Close Mid-Price: 5194 Percentage Change: + 0.70% Day High: 5214 Day Low: 5136
Further movement against Intercontinental Hotels Group ABOVE 5214 should ……..
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View Previous Intercontinental Hotels Group & Big Picture ***
LSE:MKS Marks and Spencer. Close Mid-Price: 141.3 Percentage Change: + 0.14% Day High: 142.2 Day Low: 139.2
Continued trades against MKS with a mid-price ABOVE 142.2 should improve ……..
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View Previous Marks and Spencer & Big Picture ***
LSE:POLY Polymetal Close Mid-Price: 310 Percentage Change: -1.59% Day High: 322 Day Low: 304.1
Further movement against Polymetal ABOVE 322 should improve acceleration ……..
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View Previous Polymetal & Big Picture ***