{"id":1874,"date":"2020-05-28T23:40:05","date_gmt":"2020-05-28T22:40:05","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1874"},"modified":"2020-05-29T08:38:05","modified_gmt":"2020-05-29T07:38:05","slug":"ftse-for-friday-29-05-2020","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2020\/05\/28\/ftse-for-friday-29-05-2020\/","title":{"rendered":"FTSE for FRIDAY 29\/05\/2020"},"content":{"rendered":"

#FTSE #DAX <\/strong> We have grown to dread the end of a month, thanks to markets tending to take a “stupid pill”. We’re probably not alone in waiting for the other shoe to drop as, aside from pubs and restaurants not yet being open, the concept of “social distancing” seems a distant memory, thanks to ill-advised behaviour from an advisor who wasn’t ill.<\/p>\n

 <\/p>\n

If we chose to follow logic and take an optimistic viewpoint, the FTSE is supposed to experience some gains, both from a near term viewpoint and also, from a bigger picture viewpoint. As a result, if we follow the Big Picture, apparently the UK main market is on track for recovery to 6750 as a fairly major point of interest. If bettered, 7350 strikes us as a fairly major secondary target, on where some volatility appears possible.<\/p>\n

While this all sounds fabulous, it’s worth remembering the FTSE started this year at 7,600 points. Even the day when Covid-19 started to hit home on Feb 24th saw the index open at 7,400 points. As a result, even if our ambitious secondary calculation proves correct at 7,350, the UK index will still not be “out of the woods” and heading toward the land of Higher Highs. This creates a situation where, if something goes wrong, the market could experience very sharp and fast reversals.<\/p>\n

 <\/p>\n

From a near term perspective, apparently movement next above 6234 points should make a lunge toward an initial useless 6250 points. If exceeded, secondary calculates at a pretty solid looking 6353 points. Unusually, we can warn to expect some hesitation around the 6280 level, if the climb triggers near term!<\/p>\n

 <\/p>\n

Near term reversals risk proving serious, if the market finds sufficient excuse to drift below 5900 points. Movement such as this risks severe consequences and allows a drop down to an initial 5550 points with secondary, when broken, at 5260 points. This scenario appears visually unlikely but then again, so was a trip to Barnard Castle, the UK’s version of Lourdes for the visually impaired.<\/p>\n

\"Hey,<\/span><\/span><\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/td>\nMarket<\/td>\nPrice At Issue<\/td>\nShort Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nLong Entry<\/td>\nFast Exit<\/td>\nSlow Exit<\/td>\nStop<\/td>\nPrior<\/td>\n<\/tr>\n
10:20:32PM<\/td>\nBRENT<\/td>\n36.2<\/td>\n34.34<\/td>\n33.67<\/td>\n<\/td>\n35.7<\/td>\n36.7<\/td>\n36.98<\/td>\n<\/td>\n35.6<\/td>\n‘cess<\/td>\n<\/tr>\n
10:24:50PM<\/td>\nGOLD<\/td>\n1718.63<\/td>\n1711<\/td>\n1708<\/td>\n<\/td>\n1719<\/td>\n1721<\/td>\n1726.75<\/td>\n<\/td>\n1715<\/td>\n‘cess<\/td>\n<\/tr>\n
10:32:06PM<\/td>\nFTSE<\/td>\n6201.56<\/td>\n6152<\/td>\n6103<\/td>\n<\/td>\n6222<\/td>\n6285<\/td>\n6328<\/td>\n<\/td>\n6170<\/td>\nSuccess<\/td>\n<\/tr>\n
10:42:26PM<\/td>\nFRANCE<\/td>\n4731.7<\/td>\n4698<\/td>\n4667<\/td>\n<\/td>\n4760<\/td>\n4788<\/td>\n4843<\/td>\n<\/td>\n4675<\/td>\n‘cess<\/td>\n<\/tr>\n
10:58:11PM<\/td>\nGERMANY<\/td>\n11716<\/td>\n11658<\/td>\n11613<\/td>\n<\/td>\n11797<\/td>\n11832<\/td>\n11866.5<\/td>\n<\/td>\n11733<\/td>\n‘cess<\/td>\n<\/tr>\n
11:00:05PM<\/td>\nUS500<\/td>\n3039.93<\/td>\n3022<\/td>\n3011.5<\/td>\n<\/td>\n3043<\/td>\n3060<\/td>\n3068.5<\/td>\n<\/td>\n3027<\/td>\n‘cess<\/td>\n<\/tr>\n
11:02:44PM<\/td>\nDOW<\/td>\n25477<\/td>\n25420<\/td>\n25359.5<\/td>\n<\/td>\n25538<\/td>\n25630<\/td>\n25741<\/td>\n<\/td>\n25420<\/td>\nSuccess<\/td>\n<\/tr>\n
11:05:15PM<\/td>\nNASDAQ<\/td>\n9452<\/td>\n9323<\/td>\n9298.5<\/td>\n<\/td>\n9471<\/td>\n9475<\/td>\n9513<\/td>\n<\/td>\n9424<\/td>\nSuccess<\/td>\n<\/tr>\n
11:07:28PM<\/td>\nJAPAN<\/td>\n21890<\/td>\n21803<\/td>\n21732.5<\/td>\n<\/td>\n22005<\/td>\n22103<\/td>\n22134<\/td>\n<\/td>\n21884<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n

28\/05\/2020 FTSE Closed at 6218 points. Change of 1.2%. Total value traded through LSE was: \u00a3 6,916,892,220 a change of -17.92%<\/h5>\n
27\/05\/2020 FTSE Closed at 6144 points. Change of 1.27%. Total value traded through LSE was: \u00a3 8,427,394,585 a change of 29.04%<\/h5>\n
26\/05\/2020 FTSE Closed at 6067 points. Change of 1.23%. Total value traded through LSE was: \u00a3 6,530,822,409 a change of 28.08%<\/h5>\n
22\/05\/2020 FTSE Closed at 5993 points. Change of -0.37%. Total value traded through LSE was: \u00a3 5,099,177,715 a change of -23.47%<\/h5>\n
21\/05\/2020 FTSE Closed at 6015 points. Change of -0.86%. Total value traded through LSE was: \u00a3 6,663,000,786 a change of 12.03%<\/h5>\n
20\/05\/2020 FTSE Closed at 6067 points. Change of 1.08%. Total value traded through LSE was: \u00a3 5,947,398,391 a change of 10.61%<\/h5>\n
19\/05\/2020 FTSE Closed at 6002 points. Change of -100%. Total value traded through LSE was: \u00a3 5,376,891,155 a change of 0%<\/h5>\n

<\/a><\/span><\/span><\/p>\n

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

#FTSE #DAX We have grown to dread the end of a month, thanks to markets tending to take a “stupid pill”. We’re probably not alone in waiting for the other shoe to drop as, aside from pubs and restaurants not yet being open, the concept of “social distancing” seems a distant memory, thanks to ill-advised … <\/p>\n

Continue reading “FTSE for FRIDAY 29\/05\/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-1874","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1874","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=1874"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1874\/revisions"}],"predecessor-version":[{"id":1875,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1874\/revisions\/1875"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1874"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}