{"id":1656,"date":"2020-03-13T00:44:37","date_gmt":"2020-03-13T00:44:37","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1656"},"modified":"2020-03-13T08:22:28","modified_gmt":"2020-03-13T08:22:28","slug":"ftse-for-13-03-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/03\/13\/ftse-for-13-03-2020\/","title":{"rendered":"FTSE for 13\/03\/2020"},"content":{"rendered":"\n

#DOW #Gold #FreeFutures <\/strong> We really hate sounding like panic merchants. Our commentary last Friday showed 5,260 on the chart, a number we felt worthy of display but we didn’t bother explaining the rational in the analysis. So, a drop of 1,467 points in a week saw the market close Thursday at 5,237 points. This is known as ‘ headless chicken’ territory…<\/p>\n\n\n\n

What next, given the UK market closed a session below a major target level?<\/p>\n\n\n\n

Rather surprisingly, we suspect some \nsort of rebound must be on the horizon, if only to allow the market to gather \nsufficient weight for future reversals. But we’re pretty far from confident any \nrebound will “stick”, given the FTSE is now trading lower than any point since \n2012. We should probably abandon our inherent caution, instead adopting similar \nlevels of misery to that adopted by a TV reporter interviewing a doctor.<\/p>\n\n\n\n

The Big Picture now suggests weakness \nbelow 5237 should bring travel down to an initial 4969 points with secondary, if \nbroken, at 4368 points. In fact, secondary could find itself at 3944, thanks the \nthe market being manipulated downward at the open recently. Visually, there \nwould normally be ample reason to hope for a rebound around the 4969 point but \nexperience during March (hasn’t this been a long month!) constantly warns the \nonly thing to expect is disappointment. <\/p>\n\n\n\n

The market has been forcing the \nmarket down quite firmly!<\/p>\n\n\n\n

This absurd suggestion comes, thanks \nto movements made in the opening second of trade. On the days the market was not \nactively forced downward at the open, reversals experienced were ‘only’ 60 and \n70 points respectively. On the other two days this week, the market itself \nforced prices down at the open, creating an environment of panic. It’s certainly \nquite sobering to reflect on market reversals being caused by the market itself, \nperhaps taking advantage of an epidemic to maximise on a climate of fear.<\/p>\n\n\n\n

Should the FTSE now manage below 3944 \npoints, we’re looking at eventual reversal to a bottom (hopefully) of 3171 \npoints. If achieved, this will be lower than 2009 and also, the crash of 2003.<\/p>\n\n\n\n

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

Near term, we’ve a slight suspicion \nsome sort of bounce may occur, so we’ll focus on recovery scenario first.<\/p>\n\n\n\n

Above 5311 points is supposed to \nprovoke recovery to a useless 5345 points. If exceeded, our secondary calculates \nup at 5427 points. And given the pace of descent, we can give a third target \nlevel, up at 5549 points, effectively the level the market stabilised for most \nof Thursdays session. If triggered, the tightest stop is at 5237 points.<\/p>\n\n\n\n

Even for near term reversal \npotentials, we suggest looking at the Big Picture scenario above. Things are \nmoving fast.<\/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

10:51:23PM<\/font><\/td>

\n\t

BRENT<\/font><\/td>

\n\t

33.49<\/font><\/td>

\n\t

33.11<\/font><\/td>

\n\t

30.91<\/font><\/td>

 <\/td> \n\t

35.22<\/font><\/td>

\n\t

35.21<\/font><\/td>

\n\t

36.03<\/font><\/td>

 <\/td> \n\t

33.77<\/font><\/td>

\n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

10:54:54PM<\/font><\/td>

\n\t

GOLD<\/font><\/td>

\n\t

1576<\/font><\/td>

\n\t

1560<\/font><\/td>

\n\t

1549<\/font><\/td>

 <\/td> \n\t

1591<\/font><\/td>

\n\t

1609<\/font><\/td>

\n\t

1614<\/font><\/td>

 <\/td> \n\t

1566<\/font><\/td>

\n\t

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

\n\t

11:09:21PM<\/font><\/td>

\n\t

FTSE<\/font><\/td>

\n\t

5273<\/font><\/td>

\n\t

5194<\/font><\/td>

\n\t

5169<\/font><\/td>

 <\/td> \n\t

5354<\/font><\/td>

\n\t

5467<\/font><\/td>

\n\t

5620<\/font><\/td>

 <\/td> \n\t

5280<\/font><\/td>

\n\t

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

\n\t

11:11:29PM<\/font><\/td>

\n\t

FRANCE<\/font><\/td>

\n\t

3958<\/font><\/td>

\n\t

3943<\/font><\/td>

\n\t

3876.5<\/font><\/td>

 <\/td> \n\t

4103<\/font><\/td>

\n\t

4125<\/font><\/td>

\n\t

4172.5<\/font><\/td>

 <\/td> \n\t

4027<\/font><\/td>

\n\t

‘cess<\/font><\/td> <\/TR>\n

\n\t

11:14:37PM<\/font><\/td>

\n\t

GERMANY<\/font><\/td>

\n\t

8985<\/font><\/td>

\n\t

8843<\/font><\/td>

\n\t

8808<\/font><\/td>

 <\/td> \n\t

9121<\/font><\/td>

\n\t

9121<\/font><\/td>

\n\t

9195<\/font><\/td>

 <\/td> \n\t

8873<\/font><\/td>

\n\t

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

\n\t

11:18:22PM<\/font><\/td>

\n\t

US500<\/font><\/td>

\n\t

2452<\/font><\/td>

\n\t

2420<\/font><\/td>

\n\t

2372<\/font><\/td>

 <\/td> \n\t

2487<\/font><\/td>

\n\t

2553<\/font><\/td>

\n\t

2601<\/font><\/td>

 <\/td> \n\t

2492<\/font><\/td>

\n\t

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

\n\t

11:26:14PM<\/font><\/td>

\n\t

DOW<\/font><\/td>

\n\t

20934<\/font><\/td>

\n\t

20552<\/font><\/td>

\n\t

20480<\/font><\/td>

 <\/td> \n\t

21219<\/font><\/td>

\n\t

21555<\/font><\/td>

\n\t

21866<\/font><\/td>

 <\/td> \n\t

21220<\/font><\/td>

\n\t

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

\n\t

11:30:27PM<\/font><\/td>

\n\t

NASDAQ<\/font><\/td>

\n\t

7162.12<\/font><\/td>

\n\t

7059<\/font><\/td>

\n\t

6827<\/font><\/td>

 <\/td> \n\t

7486<\/font><\/td>

\n\t

7246<\/font><\/td>

\n\t

7302<\/font><\/td>

 <\/td> \n\t

7140<\/font><\/td>

\n\t

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

\n\t

11:33:19PM<\/font><\/td>

\n\t

JAPAN<\/font><\/td>

\n\t

17238<\/font><\/td>

\n\t

16949<\/font><\/td>

\n\t

16772.5<\/font><\/td>

 <\/td> \n\t

17542<\/font><\/td>

\n\t

17542<\/font><\/td>

\n\t

17646<\/font><\/td>

 <\/td> \n\t

17229<\/font><\/td>

\n\t

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

 <\/p>\n

 <\/p>\n

12\/03\/2020 FTSE Closed at 5237 points. Change of -10.87%. Total value traded through LSE was: \u00a3 6,993,953,766 a change of -24.85%<\/h><\/p>\n
11\/03\/2020 FTSE Closed at 5876 points. Change of -1.41%. Total value traded through LSE was: \u00a3 9,307,244,216 a change of -11.98%<\/h><\/p>\n
10\/03\/2020 FTSE Closed at 5960 points. Change of -0.08%. Total value traded through LSE was: \u00a3 10,574,130,773 a change of -8.51%<\/h><\/p>\n
9\/03\/2020 FTSE Closed at 5965 points. Change of -7.55%. Total value traded through LSE was: \u00a3 11,557,885,051 a change of 24.01%<\/h><\/p>\n
6\/03\/2020 FTSE Closed at 6452 points. Change of -3.77%. Total value traded through LSE was: \u00a3 9,320,342,676 a change of 15.12%<\/h><\/p>\n
5\/03\/2020 FTSE Closed at 6705 points. Change of -1.61%. Total value traded through LSE was: \u00a3 8,096,440,019 a change of 2.53%<\/h><\/p>\n
4\/03\/2020 FTSE Closed at 6815 points. Change of 1.44%. Total value traded through LSE was: \u00a3 7,896,662,173 a change of -10.1%<\/h><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

#DOW #Gold #FreeFutures We really hate sounding like panic merchants. Our commentary last Friday showed 5,260 on the chart, a number we felt worthy of display but we didn’t bother explaining the rational in the analysis. So, a drop of 1,467 points in a week saw the market close Thursday at 5,237 points. This is … <\/p>\n

Continue reading “FTSE for 13\/03\/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-1656","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1656","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=1656"}],"version-history":[{"count":2,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1656\/revisions"}],"predecessor-version":[{"id":1658,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1656\/revisions\/1658"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1656"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}