{"id":950,"date":"2019-05-16T23:11:26","date_gmt":"2019-05-16T22:11:26","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=950"},"modified":"2019-05-17T08:29:27","modified_gmt":"2019-05-17T07:29:27","slug":"ftse-sp500-for-17-05-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/05\/16\/ftse-sp500-for-17-05-2019\/","title":{"rendered":"FTSE & SP500 for 17\/05\/2019"},"content":{"rendered":"\n

FTSE, #SP500 #GOLD We had a stunning result against the S&P, one so impressive we didn’t notice until someone emailed. Our report in March (link<\/a><\/strong>) detailed an upper target of 2954 for the S&P. It hit 2954.13 on the first of May, carefully going no higher since. How could we be so accurate, 49 days before the event?<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

It was interesting, on the initial surge to 2884, the market actually \nbettered our target, reaching 2885.25 before a slight fall back. Our rule of \nthumb is always, if an initial target is bettered, we expect the secondary to be \nachieved. Recently, we modified this thinking, adding “on the first surge” as an \nimportant part of the scenario. From our perspective, beating 2884 (on the first \nsurge) made 2954 inevitable. The situation remains, quite forcibly, of short \npositions being in jeopardy if 2954 bettered. The S&P shall find it difficult to \nrestrain itself from growth.<\/p>\n\n\n\n

It’s important to remember we are discussing the S&P 500 index and NOT SP500 \nFutures. The Futures market will generally be a few points adrift from the \nactual index.<\/p>\n\n\n\n

The situation now suggests growth above 2954 should attempt an initial 3003 \npoints. Secondary, if bettered, calculates at 3044 points. In fact, we shall \nregard the long term influence as coming from a distant looking 3278 points.<\/p>\n\n\n\n

Any attempt at a slowdown requires the index to fall below 2816 points, \nthough to be honest, we’d prefer the 2800 level be broken to convince us of \ntrouble. In such a scenario, our initial drop target is at 2720 points with \nsecondary, if broken, at 2645. We would expect a reasonable bounce from the 2645 \nlevel if it makes an appearance.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

FTSE for FRIDAY (FTSE:UKX)<\/strong> Maintaining the theme of success, our \nprivate report to clients at lunchtime Thursday proposed 7352 as an initial \ntarget. The day high (and closing point) was 7353.51, so we are supposed to \nbelieve the FTSE is due some further recovery.<\/p>\n\n\n\n

Some slight doubts appear as generally a price will mess around for a while \nat an initial target, almost as it it wants to confirm this was a correct trend \nlevel. We call this “stutters” and will not be surprised if the UK market \nstutters a bit on Friday. However, the scenario now exists of movement beyond \n7354 suggesting coming travel up to 7377 points next. Secondary, if bettered, \ncalculates at 7409 points.<\/p>\n\n\n\n

We can calculate the tightest “sane” stop at 7257 points. But realistically, \nbelow 7318 points would cause raised eyebrows, if such a movement occurred \nfollowing an upward trigger.<\/p>\n\n\n\n

If we review converse arguments, the index requires weaken below 7257 before \nwe dare take any reversal seriously. Such a triggering motion allows travel down \nto an initial 7224 points with secondary, if broken on an initial drop, at 7181 \npoints. If triggered, the tightest stop is at 7308 points.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\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

10:30:30PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

72.29<\/font><\/TD>

\n\t

71.24<\/font><\/TD>

\n\t

70.6<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

72.87<\/font><\/TD>

\n\t

73.115<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:33:31PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1287.3<\/font><\/TD>

\n\t

1285<\/font><\/TD>

\n\t

1282<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

1289<\/font><\/TD>

\n\t

1291<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:35:41PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7352.75<\/font><\/TD>

\n\t

7294<\/font><\/TD>

\n\t

7273.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

7362<\/font><\/TD>

\n\t

7373<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:37:36PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5438.5<\/font><\/TD>

\n\t

5357<\/font><\/TD>

\n\t

5341.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

5454<\/font><\/TD>

\n\t

5468.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:40:56PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12289<\/font><\/TD>

\n\t

12152<\/font><\/TD>

\n\t

12094<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

12319<\/font><\/TD>

\n\t

12345.75<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:44:08PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2877.97<\/font><\/TD>

\n\t

2837<\/font><\/TD>

\n\t

2813.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

2893<\/font><\/TD>

\n\t

2904<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:46:56PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

25874.8<\/font><\/TD>

\n\t

25655<\/font><\/TD>

\n\t

25598<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

25961<\/font><\/TD>

\n\t

26057<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:50:47PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7591.82<\/font><\/TD>

\n\t

7465<\/font><\/TD>

\n\t

7433.225<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

7629<\/font><\/TD>

\n\t

7681.75<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:53:20PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21242<\/font><\/TD>

\n\t

20937<\/font><\/TD>

\n\t

20836<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

21336<\/font><\/TD>

\n\t

21412.75<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n\n<\/TABLE>\n\n

16\/05\/2019 FTSE Closed at 7353 points. Change of 0.78%. Total value traded through LSE was: \u00a3 5,443,678,084 a change of -13.14%<\/h>\n","protected":false},"excerpt":{"rendered":"

FTSE, #SP500 #GOLD We had a stunning result against the S&P, one so impressive we didn’t notice until someone emailed. Our report in March (link) detailed an upper target of 2954 for the S&P. It hit 2954.13 on the first of May, carefully going no higher since. How could we be so accurate, 49 days … <\/p>\n

Continue reading “FTSE & SP500 for 17\/05\/2019”<\/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-950","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/950","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=950"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/950\/revisions"}],"predecessor-version":[{"id":951,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/950\/revisions\/951"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=950"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}