The immediate situation for the FTSE is slightly \nconfusing. Generally when a “Higher High” cycle commences, the market will only \ngrow so far before some doubt establishes, provoking a reversal to the point it \nall started. In the case of the FTSE, this means we should not be aghast to \nwitness travel to around 7250 in the days ahead. Prior to this, we’d hope \nanything near term above 7371 should bring some oomph for an initial 7386 \npoints. If bettered, secondary is at 7402 points and an ideal level from which \nrelaxation can be expected. This sort of ambition comes nowhere close to \nbothering the BLUE downtrend, thus giving the impression hope remains for the \nlonger term.<\/p>\n\n\n\n
Unfortunately, if taking our rhetoric as gospel, the \nindex could continue to 7454 should 7402 be exceeded, so that’s a reasonable \nlevel to try a stop loss at. Our suspicion, should Brexit be delayed, is of \nreversal to 7250 prior to an attempt at BLUE on the chart.<\/p>\n\n\n\n
All of this is, of course, completely insane! <\/p>\n\n\n\n
We’re the first to admit it as there’s something going \non which software alone cannot account for. When a market makes a Higher High, \nit’s almost unheard of for a price to accelerate to target without deflection. \nInstead, a price will generally make it around half way to a primary target and \nthen, doubt establishes itself amongst traders. A sell off to collect profit \nthus will generally fuel a reversal down to whatever prior level it started \nfrom. Now, smart traders (in the absence of negative news) will again buy into a \nmarket, hoping for a bounce with the next surge upward hopefully exceeded the \nprevious half way mark.<\/p>\n\n\n\n
Simple? Or just human nature?<\/p>\n\n\n\n
The FTSE complicates things as we’re showing a strange \ntier of target levels, a collection of 100 point leaps from 7402 through 7500 \nall the way to 7600. At present, the important detail comes if 7402 exceeded as \ncontinued traffic to 7509 is theoretically possible. We do expect that BLUE line \nto have a say in matters though.<\/p>\n\n\n\n
At present, we’re not inclined to take any reversal as \nserious unless the FTSE stumbles below the 7300 level before attempting our \nimmediate 7386 target. This risks being a poor show, possibly the harbinger of \ncoming weakness to 7196 and below to a bottom of 7164 points.<\/p>\n\n\n\n
Finally, have a good weekend and “Hello again” to our \nregular readers on Reunion Island, along with new visitors from Antigua and \nBarbuda (you’re all lucky people!)<\/p>\n\n\n\n FTSE for FRIDAY (FTSE:UKX) <\/strong>\nThe UK market continues to power itself upward, lifted by \nwhat? We bang on about how important “Higher Highs” can be, a notion amply \nproved by market moves since March 17th. Once a market starts growing, it \nbecomes difficult to slow things down, despite an entire political class’ best \nefforts.<\/p>\n\n\n\n The immediate situation for the FTSE is slightly \nconfusing. Generally when a “Higher High” cycle commences, the market will only \ngrow so far before some doubt establishes, provoking a reversal to the point it \nall started. In the case of the FTSE, this means we should not be aghast to \nwitness travel to around 7250 in the days ahead. Prior to this, we’d hope \nanything near term above 7371 should bring some oomph for an initial 7386 \npoints. If bettered, secondary is at 7402 points and an ideal level from which \nrelaxation can be expected. This sort of ambition comes nowhere close to \nbothering the BLUE downtrend, thus giving the impression hope remains for the \nlonger term.<\/p>\n\n\n\n Unfortunately, if taking our rhetoric as gospel, the \nindex could continue to 7454 should 7402 be exceeded, so that’s a reasonable \nlevel to try a stop loss at. Our suspicion, should Brexit be delayed, is of \nreversal to 7250 prior to an attempt at BLUE on the chart.<\/p>\n\n\n\n All of this is, of course, completely insane! <\/p>\n\n\n\n We’re the first to admit it as there’s something going \non which software alone cannot account for. When a market makes a Higher High, \nit’s almost unheard of for a price to accelerate to target without deflection. \nInstead, a price will generally make it around half way to a primary target and \nthen, doubt establishes itself amongst traders. A sell off to collect profit \nthus will generally fuel a reversal down to whatever prior level it started \nfrom. Now, smart traders (in the absence of negative news) will again buy into a \nmarket, hoping for a bounce with the next surge upward hopefully exceeded the \nprevious half way mark.<\/p>\n\n\n\n Simple? Or just human nature?<\/p>\n\n\n\n The FTSE complicates things as we’re showing a strange \ntier of target levels, a collection of 100 point leaps from 7402 through 7500 \nall the way to 7600. At present, the important detail comes if 7402 exceeded as \ncontinued traffic to 7509 is theoretically possible. We do expect that BLUE line \nto have a say in matters though.<\/p>\n\n\n\n At present, we’re not inclined to take any reversal as \nserious unless the FTSE stumbles below the 7300 level before attempting our \nimmediate 7386 target. This risks being a poor show, possibly the harbinger of \ncoming weakness to 7196 and below to a bottom of 7164 points.<\/p>\n\n\n\n Finally, have a good weekend and “Hello again” to our \nregular readers on Reunion Island, along with new visitors from Antigua and \nBarbuda (you’re all lucky people!)<\/p>\n\n\n\n FTSE for FRIDAY #Nasdaq #Brent The UK market continues to power itself upward, lifted by what? We bang on about how important “Higher Highs” can be, a notion amply proved by market moves since March 17th. Once a market starts growing, it becomes difficult to slow things down, despite an entire political class’ best efforts. … <\/p>\n![\"\"\/](\"http:\/\/www.trendsandtargets.com\/img\/ukx210319.jpg\")
<\/figure>\n\n\n\n\n\tTime Issued<\/td> \n\tMarket<\/td> \n\tPrice At Issue<\/td> \n\tShort Entry<\/td> \n\tFast Exit<\/td> \n\tSlow Exit<\/td> \n\tStop<\/td> \n\tLong Entry<\/td> \n\tFast Exit<\/td> \n\tSlow Exit<\/td> \n\tStop<\/td> \n\tPrior<\/td><\/tr> \n\t10:03:08PM<\/td> \n\tFTSE<\/td> \n\t7354.2<\/td> \n\t‘cess<\/td><\/tr> \n\t10:05:00PM<\/td> \n\tBRENT<\/td> \n\t67.59<\/td> \n\t67.65<\/td> \n\t67.205<\/td> \n\t66.76<\/td> \n\t68.28<\/td> \n\t68.54<\/td> \n\t69.045<\/td> \n\t70.03<\/td> \n\t67.4<\/td> \n\t<\/td><\/tr> \n\t10:06:56PM<\/td> \n\tGOLD<\/td> \n\t1309.36<\/td> \n\t‘cess<\/td><\/tr> \n\t10:09:08PM<\/td> \n\tFRANCE<\/td> \n\t5401.2<\/td> \n\t‘cess<\/td><\/tr> \n\t10:11:33PM<\/td> \n\tGERMANY<\/td> \n\t11587<\/td> \n\t‘cess<\/td><\/tr> \n\t10:16:49PM<\/td> \n\tUS500<\/td> \n\t2855.77<\/td> \n\tSuccess<\/td><\/tr> \n\t10:18:40PM<\/td> \n\tDOW<\/td> \n\t25974<\/td> \n\t‘cess<\/td><\/tr> \n\t10:22:36PM<\/td> \n\tNASDAQ<\/td> \n\t7502.12<\/td> \n\t7431<\/td> \n\t7397<\/td> \n\t7359<\/td> \n\t7504<\/td> \n\t7510<\/td> \n\t7577.5<\/td> \n\t7831<\/td> \n\t7312<\/td> \n\tSuccess<\/td><\/tr> \n\t10:25:13PM<\/td> \n\tJAPAN<\/td> \n\t21608<\/td> \n\t‘cess<\/td><\/tr><\/tbody><\/table>\n\n\n\n 21\/03\/2019 FTSE Closed at 7355 points. Change of 0.88%. Total value traded through LSE was: \u00a3 5,645,172,640 a change of -16.41%\n\n\n<\/h5>\n\n\n\n
<\/figure>\n\n\n\n\n\tTime Issued<\/td> \n\tMarket<\/td> \n\tPrice At Issue<\/td> \n\tShort Entry<\/td> \n\tFast Exit<\/td> \n\tSlow Exit<\/td> \n\tStop<\/td> \n\tLong Entry<\/td> \n\tFast Exit<\/td> \n\tSlow Exit<\/td> \n\tStop<\/td> \n\tPrior<\/td><\/tr> \n\t10:03:08PM<\/td> \n\tFTSE<\/td> \n\t7354.2<\/td> \n\t‘cess<\/td><\/tr> \n\t10:05:00PM<\/td> \n\tBRENT<\/td> \n\t67.59<\/td> \n\t67.65<\/td> \n\t67.205<\/td> \n\t66.76<\/td> \n\t68.28<\/td> \n\t68.54<\/td> \n\t69.045<\/td> \n\t70.03<\/td> \n\t67.4<\/td> \n\t<\/td><\/tr> \n\t10:06:56PM<\/td> \n\tGOLD<\/td> \n\t1309.36<\/td> \n\t‘cess<\/td><\/tr> \n\t10:09:08PM<\/td> \n\tFRANCE<\/td> \n\t5401.2<\/td> \n\t‘cess<\/td><\/tr> \n\t10:11:33PM<\/td> \n\tGERMANY<\/td> \n\t11587<\/td> \n\t‘cess<\/td><\/tr> \n\t10:16:49PM<\/td> \n\tUS500<\/td> \n\t2855.77<\/td> \n\tSuccess<\/td><\/tr> \n\t10:18:40PM<\/td> \n\tDOW<\/td> \n\t25974<\/td> \n\t‘cess<\/td><\/tr> \n\t10:22:36PM<\/td> \n\tNASDAQ<\/td> \n\t7502.12<\/td> \n\t7431<\/td> \n\t7397<\/td> \n\t7359<\/td> \n\t7504<\/td> \n\t7510<\/td> \n\t7577.5<\/td> \n\t7831<\/td> \n\t7312<\/td> \n\tSuccess<\/td><\/tr> \n\t10:25:13PM<\/td> \n\tJAPAN<\/td> \n\t21608<\/td> \n\t‘cess<\/td><\/tr><\/tbody><\/table>\n\n\n\n 21\/03\/2019 FTSE Closed at 7355 points. Change of 0.88%. Total value traded through LSE was: \u00a3 5,645,172,640 a change of -16.41%\n\n\n<\/h5>\n","protected":false},"excerpt":{"rendered":"