{"id":1622,"date":"2020-02-28T00:27:29","date_gmt":"2020-02-28T00:27:29","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1622"},"modified":"2020-02-28T08:31:32","modified_gmt":"2020-02-28T08:31:32","slug":"ftse-friday-28-02-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/02\/28\/ftse-friday-28-02-2020\/","title":{"rendered":"FTSE Friday 28\/02\/2020"},"content":{"rendered":"\n

#FTSE #Gold<\/strong> A week ago, we thought we risked being panic merchants by giving criteria postulating an early warning scenario for a FTSE drop to 5,850 points. Given the UK index has managed lose nearly 700 points, it has dragged itself into a region where 5,850 is no longer such a daft idea. But crucially, all we have seen is early warning. We have yet to witness, (from our perspective) confirmation.<\/p>\n\n\n\n

In fact, if we drag out the chart \nfrom the market plunge of from Oct 2008 until Mar 2009 and get busy with a Red \ncrayon, the market has yet to break through the final uptrend, the one which \nwill suggest the recovery (?) from the lows of 2009 has failed. Unfortunately, \nthe market is getting close and closure below 6,700 will tend tick a fairly \nmajor box for some troubled times ahead. Such a scenario allows continued \neventual reversal to 6,420 and a deluxe ticket into the Land of Lower Lows.<\/p>\n\n\n\n

If 6,420 makes an appearance, we \nshall be presenting a drop target below such a level at 5,850 points. If broken, \nsecondary calculates at a bottom (hopefully) of 5,260 points. Alas, there is an \nunfortunate aspect to such a level which allows calculation of a 3rd level. It’s \na market bottom, ultimately, at 3,655. Rather scary to note this is marginally \nhigher than the low of 2009.<\/p>\n\n\n\n

In summary, it’s early days, despite \nhow utterly foul the last few sessions have proven. Perhaps it’s also worth \nnoting drops this severe can also reverse with similar strength, if conditions \nprove to change. As winter draws to a close, it’s easy to suspect (hope) a \nrespiratory virus shall find it difficult to sustain dominance of headlines?<\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n

Near term, for the FTSE for FRIDAY, \nwe shall be watching Japan through the night, hoping it ends positive. If it \ndoes, this will send a pretty strong signal Europe and the US should expect a \nrespite on Friday. Near term, above 6,848 points is supposed to bring recovery \nto an initial 6,924 points. If exceeded, secondary works out at 6,964 points \nthough, realistically, any positive sentiment could easily drive the market \ntoward 7,106 points. If triggered, the tightest stop needs be just under \nThursdays low of 6729 points.<\/p>\n\n\n\n

Alternately, weakness now below 6729 \nallows reversal to an initial 6,580. If broken, secondary is at 6,455.<\/p>\n\n\n\n

\"Hey,<\/figure>\n\n\n\n<\/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

10:22:35PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

50.89<\/font><\/td>

\n\t

50.38<\/font><\/td>

\n\t

49.895<\/font><\/td>

 <\/td> \n\t

51.8<\/font><\/td>

\n\t

52.46<\/font><\/td>

\n\t

53.07<\/font><\/td>

 <\/td> \n\t

50.96<\/font><\/td>

\n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:24:31PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1645.56<\/font><\/td>

\n\t

1634.6<\/font><\/td>

\n\t

1626.5<\/font><\/td>

 <\/td> \n\t

1649<\/font><\/td>

\n\t

1660.38<\/font><\/td>

\n\t

1670.1<\/font><\/td>

 <\/td> \n\t

1641<\/font><\/td>

\n\t

<\/td> <\/TR>\n

\n\t

10:35:04PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

6644.63<\/font><\/td>

\n\t

6614<\/font><\/td>

\n\t

6541<\/font><\/td>

 <\/td> \n\t

6720<\/font><\/td>

\n\t

6846<\/font><\/td>

\n\t

6877<\/font><\/td>

 <\/td> \n\t

6796<\/font><\/td>

\n\t

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

\n\t

10:38:22PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

5391<\/font><\/td>

\n\t

5383<\/font><\/td>

\n\t

5319<\/font><\/td>

 <\/td> \n\t

5492<\/font><\/td>

\n\t

5511<\/font><\/td>

\n\t

5545<\/font><\/td>

 <\/td> \n\t

5457<\/font><\/td>

\n\t

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

\n\t

10:43:27PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

12083.5<\/font><\/td>

\n\t

12032<\/font><\/td>

\n\t

11891<\/font><\/td>

 <\/td> \n\t

12230<\/font><\/td>

\n\t

12170<\/font><\/td>

\n\t

12269<\/font><\/td>

 <\/td> \n\t

12042<\/font><\/td>

\n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:50:42PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

2950.47<\/font><\/td>

\n\t

2944<\/font><\/td>

\n\t

2917<\/font><\/td>

 <\/td> \n\t

3004<\/font><\/td>

\n\t

3004<\/font><\/td>

\n\t

3023.5<\/font><\/td>

 <\/td> \n\t

2954<\/font><\/td>

\n\t

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

\n\t

10:57:08PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

25538.5<\/font><\/td>

\n\t

25441<\/font><\/td>

\n\t

25415<\/font><\/td>

 <\/td> \n\t

25745<\/font><\/td>

\n\t

25745<\/font><\/td>

\n\t

25820.5<\/font><\/td>

 <\/td> \n\t

25540<\/font><\/td>

\n\t

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

\n\t

11:01:41PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

8354.62<\/font><\/td>

\n\t

8327<\/font><\/td>

\n\t

8153<\/font><\/td>

 <\/td> \n\t

8470<\/font><\/td>

\n\t

8470<\/font><\/td>

\n\t

8483<\/font><\/td>

 <\/td> \n\t

8370<\/font><\/td>

\n\t

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

\n\t

11:06:24PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

21158<\/font><\/td>

\n\t

21138<\/font><\/td>

\n\t

21097<\/font><\/td>

 <\/td> \n\t

21321<\/font><\/td>

\n\t

21740<\/font><\/td>

\n\t

22315.5<\/font><\/td>

 <\/td> \n\t

21540<\/font><\/td>

\n\t

Success<\/font><\/td> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

27\/02\/2020 FTSE Closed at 6796 points. Change of -3.49%. Total value traded through LSE was: \u00a3 8,670,151,517 a change of 31.45%<\/h><\/p>\n
26\/02\/2020 FTSE Closed at 7042 points. Change of 0.36%. Total value traded through LSE was: \u00a3 6,595,554,712 a change of -16.85%<\/h><\/p>\n
25\/02\/2020 FTSE Closed at 7017 points. Change of -1.94%. Total value traded through LSE was: \u00a3 7,932,387,742 a change of 6.36%<\/h><\/p>\n
24\/02\/2020 FTSE Closed at 7156 points. Change of -3.34%. Total value traded through LSE was: \u00a3 7,457,826,437 a change of 17.05%<\/h><\/p>\n
21\/02\/2020 FTSE Closed at 7403 points. Change of -0.44%. Total value traded through LSE was: \u00a3 6,371,450,688 a change of 1.87%<\/h><\/p>\n
20\/02\/2020 FTSE Closed at 7436 points. Change of -0.28%. Total value traded through LSE was: \u00a3 6,254,655,479 a change of 11.64%<\/h><\/p>\n
19\/02\/2020 FTSE Closed at 7457 points. Change of 1.29%. Total value traded through LSE was: \u00a3 5,602,530,865 a change of -6.87%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#FTSE #Gold A week ago, we thought we risked being panic merchants by giving criteria postulating an early warning scenario for a FTSE drop to 5,850 points. Given the UK index has managed lose nearly 700 points, it has dragged itself into a region where 5,850 is no longer such a daft idea. But crucially, … <\/p>\n

Continue reading “FTSE Friday 28\/02\/2020”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1622","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1622"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1622\/revisions"}],"predecessor-version":[{"id":1623,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1622\/revisions\/1623"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1622"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}