{"id":1422,"date":"2019-12-05T23:23:39","date_gmt":"2019-12-05T23:23:39","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1422"},"modified":"2019-12-06T08:36:18","modified_gmt":"2019-12-06T08:36:18","slug":"ftse-for-friday-6-12-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/12\/05\/ftse-for-friday-6-12-2019\/","title":{"rendered":"FTSE for FRIDAY 6\/12\/2019"},"content":{"rendered":"\n

#FTSE for FRIDAY<\/strong>, our most popular regular article is now read from Australia to Russia, Reunion Island, Argentina, China and of course the UK and USA. We currently number 41 countries visiting on a Friday. As is said, “No pressure then!”, while writing a cheery near term outlook with a chart more colourful that a childs Xmas card.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Firstly, we need find the all important FTSE Big Number, \nthe point which the market needs break to trash the uptrend (RED) since the \ncrash of 2009. At present, it’s at 6,609 points.<\/p>\n\n\n\n

Next, we need review the uptrend (Yellow) since the \nstart of 2016 and it’s at 6875 points.<\/p>\n\n\n\n

Finally, we’ve got the uptrend (Green) since the Brexit \nvote, presently lurking at 6816 points.<\/p>\n\n\n\n

Armed with the above 3 numbers, we can decide if the UK \nstock market is on the verge of collapse. As it’s presently at 7,137, the answer \nis clearly NO despite suffering a pretty grotty week. The usual suspects can be \nblamed, the three ‘B’s. Boris, Brexit, and Mr Trump.<\/p>\n\n\n\n

Fans of chart patterns (thankfully now following the \ndinosaurs) will have noted the Head & Shoulders formation on the FTSE during \nthis year. Conventional arithmetic attributed to this pattern suggests the \nmarket should relax to 6,607 points. This risks breaking all three major trends, \ncausing a rush for clean underwear. Presently, there is very little making such \na drop inevitable. Below 7,000 points would certainly justify some panic though.<\/p>\n\n\n\n

However, we do have concerns, thanks to recent \nmovements.<\/p>\n\n\n\n

At present, weakness now below 7,130 points risks \nreversal to an initial 7,098 points. If broken, secondary calculates at \n7,026 points. Even visually, there are several reasons to anticipate a rebound, \nshould 7,026 appear. With an election approaching and a fear of “the wrong \nresult”, travel down to such a level makes a lot of sense prior to The Vote. In \nthe event this 7,026 drop target appears and opting for a blind “Long” position, \nstop needs be pretty wide at 6,950 points.<\/p>\n\n\n\n

There’s an issue, should 6,950 break. This would imply a further trip down to \n6,844 and probable rebound against the Brexit Vote uptrend in Green.<\/p>\n\n\n\n

Additionally, we need consider another factor. Writing about market \nmovements, tossing in loads of numbers, risks utter confusion to the reader as \nit certainly provokes “number blindness” in the writer. Therefore, with this \nexcellent excuse to pause for a cup of tea, shall return in a moment…<\/p>\n\n\n\n

Now armed with a fresh cup of tea, obviously rarely do things move in an \nutterly straight line, resulting in the scenario of anything near term above \n7,181 allegedly being capable of triggering recovery to an initial 7,212 points. \nIf exceeded, secondary calculates at a more interesting 7,261 points. If \ntriggered, the tightest stop is horribly wide at 7,131 points.<\/p>\n\n\n\n

Have a good weekend.<\/p>\n\n\n\n

\"Hey,
Big Picture FTSE<\/figcaption><\/figure>\n\n\n\nFREE FIRST MOVE FRIDAY!<\/b><\/p>\n\n\n
\n\t

Time Issued<\/font><\/td>

\n\t

Market<\/font><\/td>

\n\t

Price At Issue<\/font><\/td>

\n\t

Short Entry<\/font><\/td>

\n\t

Fast Exit<\/font><\/td>

\n\t

Slow Exit<\/font><\/td>

\n\t

Stop<\/font><\/td>

\n\t

Long Entry<\/font><\/td>

\n\t

Fast Exit<\/font><\/td>

\n\t

Slow Exit<\/font><\/td>

\n\t

Stop<\/font><\/td>

\n\t

Prior<\/font><\/td> <\/tr>\nFUTURES<\/font><\/a>

\n\t

9:11:45PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

63.27<\/font><\/td>

\n\t

62.37<\/font><\/td>

\n\t

61.98<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

63.86<\/font><\/td>

\n\t

64.29<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

‘cess<\/font><\/td> <\/tr>\n

\n\t

9:19:07PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1476.33<\/font><\/td>

\n\t

1472<\/font><\/td>

\n\t

1466<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

1480<\/font><\/td>

\n\t

1482<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

Shambles<\/font><\/td> <\/tr>\n

\n\t

9:24:53PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

7142.32<\/font><\/td>

\n\t

7127<\/font><\/td>

\n\t

7099.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

7203<\/font><\/td>

\n\t

7222.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/tr>\n

\n\t

9:27:15PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

5808.9<\/font><\/td>

\n\t

5785<\/font><\/td>

\n\t

5767.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

5850<\/font><\/td>

\n\t

5866<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

Success<\/font><\/td> <\/tr>\n

\n\t

9:35:58PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

13080<\/font><\/td>

\n\t

13049<\/font><\/td>

\n\t

12997<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

13148<\/font><\/td>

\n\t

13207.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

Shambles<\/font><\/td> <\/tr>\n

\n\t

9:37:46PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

3117.92<\/font><\/td>

\n\t

3102<\/font><\/td>

\n\t

3097.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

3120<\/font><\/td>

\n\t

3126<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

<\/td> <\/tr>\n

\n\t

9:42:24PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

27683<\/font><\/td>

\n\t

27552<\/font><\/td>

\n\t

27487.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

27772<\/font><\/td>

\n\t

27830<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

Shambles<\/font><\/td> <\/tr>\n

\n\t

9:44:25PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

8307.37<\/font><\/td>

\n\t

8268<\/font><\/td>

\n\t

8255.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

8336<\/font><\/td>

\n\t

8359.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

Shambles<\/font><\/td> <\/tr>\n

\n\t

9:46:38PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

23311<\/font><\/td>

\n\t

23244<\/font><\/td>

\n\t

23167.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

23405<\/font><\/td>

\n\t

23466.5<\/font><\/td>

\n\t <\/td> \n\t <\/td> \n\t

‘cess<\/font><\/td> <\/tr>\n\n<\/TABLE>\n\n

 <\/p>\n

5\/12\/2019 FTSE Closed at 7137 points. Change of -0.71%. Total value traded through LSE was: \u00a3 5,778,792,615 a change of 2.21%<\/h><\/p>\n
4\/12\/2019 FTSE Closed at 7188 points. Change of 0.42%. Total value traded through LSE was: \u00a3 5,653,961,334 a change of -20.69%<\/h><\/p>\n
3\/12\/2019 FTSE Closed at 7158 points. Change of -1.74%. Total value traded through LSE was: \u00a3 7,128,755,265 a change of 21.45%<\/h><\/p>\n
2\/12\/2019 FTSE Closed at 7285 points. Change of -0.83%. Total value traded through LSE was: \u00a3 5,869,768,076 a change of 26.83%<\/h><\/p>\n
29\/11\/2019 FTSE Closed at 7346 points. Change of -0.94%. Total value traded through LSE was: \u00a3 4,628,092,745 a change of 28.25%<\/h><\/p>\n
28\/11\/2019 FTSE Closed at 7416 points. Change of -0.17%. Total value traded through LSE was: \u00a3 3,608,679,537 a change of -31.8%<\/h><\/p>\n
27\/11\/2019 FTSE Closed at 7429 points. Change of 0.35%. Total value traded through LSE was: \u00a3 5,291,535,835 a change of -43.03%<\/h>

 <\/p>\n<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#FTSE for FRIDAY, our most popular regular article is now read from Australia to Russia, Reunion Island, Argentina, China and of course the UK and USA. We currently number 41 countries visiting on a Friday. As is said, “No pressure then!”, while writing a cheery near term outlook with a chart more colourful that a … <\/p>\n

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