{"id":996,"date":"2019-06-06T22:53:06","date_gmt":"2019-06-06T21:53:06","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=996"},"modified":"2019-06-07T08:14:09","modified_gmt":"2019-06-07T07:14:09","slug":"ftse-for-friday-7-06-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/06\/06\/ftse-for-friday-7-06-2019\/","title":{"rendered":"FTSE for FRIDAY 7\/06\/2019"},"content":{"rendered":"\n

#Gold  #SP500<\/strong> With an interesting \nlevel of discretion, the FTSE has spent the last week scaring us silly! The \nproblem was fairly simple. The market had broken the RED line on the chart \nbelow, moving the index into the land of pestilence, famine, dinosaurs, and \nrabid politicians. And then it changed…<\/p>\n\n\n\n

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

Our thinking last week suggested a drop coming to 7106 points, something the \nmarket actually achieved on the Monday. Worse, it even broke below this level, \neventually opting to rebound from 7079 points. The entire charade of reversals \nwas played out in just 46 minutes, after the market opened for trading. In the \nweek since, continued small daily gains now make us wonder if the FTSE just did \na “gotcha” on those folk taking short positions, once they’ve assessed the \ncompetence of our countries leadership. The point at which the FTSE closed the \nday on Friday has tended, if we apply our usual logic, spoil any immediate drop \npotential.<\/p>\n\n\n\n

Here’s the thing – to quote Simon Cowell. (when he struggles to find new ways \nto avoid saying “deluded”)<\/p>\n\n\n\n

The RED line on the chart, the uptrend since the start of January, is \npresently at 7250 points.<\/p>\n\n\n\n

Alternately, the trend from the market lows of December 2018 is presently at \n7258 points.<\/p>\n\n\n\n

The FTSE closed Thursday at 7259 points.<\/strong><\/p>\n\n\n\n

If the market were a share, we’d be inclined to regard the drop to 7079 \npoints on Monday as “fake” and instead, opt to take a more optimistic view for \nimmediate future. <\/p>\n\n\n\n

Near term, FTSE movements above 7285 should attempt recovery to an initial \n7313 points. Our secondary, if bettered, calculates at 7392 points and given the \npace of market movement recently, it’s unlikely to come along at a rush. The \ntightest stop loss level appears to be pretty wide at 7228 points.<\/p>\n\n\n\n

There are some interesting potentials if 7228 breaks at travel down to 7197 \nappears likely. If broken, secondary is at 7151 points.<\/p>\n\n\n\n

 Finally, there is a further important facet of the recent drop to 7107. \nThe market proved the ruling uptrend can be broken, meaning any future break \nbelow 7107 is liable to promote a swift, almost 300 point, drop to the 6800’s. <\/p>\n\n\n\n

Have a good weekend; it’s the  Montreal F1 Weekend and almost time for \nFerrari to ritually humiliate themselves again.<\/p>\n\n\n\n

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

10:00:21PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

62.03<\/font><\/TD>

\n\t

59.95<\/font><\/TD>

\n\t

59.24<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

62.18<\/font><\/TD>

\n\t

62.445<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:01:59PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1335.99<\/font><\/TD>

\n\t

1326<\/font><\/TD>

\n\t

1320.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

1340<\/font><\/TD>

\n\t

1344<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

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

\n\t

FTSE<\/font><\/TD>

\n\t

7266<\/font><\/TD>

\n\t

7210<\/font><\/TD>

\n\t

7200<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

7285<\/font><\/TD>

\n\t

7312<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:17:04PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5281<\/font><\/TD>

\n\t

5258<\/font><\/TD>

\n\t

5237.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

5335<\/font><\/TD>

\n\t

5342.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:19:44PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11971.02<\/font><\/TD>

\n\t

11893<\/font><\/TD>

\n\t

11850<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

12012<\/font><\/TD>

\n\t

12081<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:28:22PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2840.62<\/font><\/TD>

\n\t

2819<\/font><\/TD>

\n\t

2807<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

2845<\/font><\/TD>

\n\t

2851.25<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:33:04PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

25700<\/font><\/TD>

\n\t

25498<\/font><\/TD>

\n\t

25374.5<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

25805<\/font><\/TD>

\n\t

25853<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

\n\t

10:35:12PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7264.74<\/font><\/TD>

\n\t

7199<\/font><\/TD>

\n\t

7159<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

7294<\/font><\/TD>

\n\t

7318<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:37:03PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20843<\/font><\/TD>

\n\t

20734<\/font><\/TD>

\n\t

20664<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

20907<\/font><\/TD>

\n\t

20946<\/font><\/TD>

 <\/TD>  <\/TD> \n\t

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

 <\/p>\n

6\/06\/2019 FTSE Closed at 7259 points. Change of 0.54%. Total value traded through LSE was: \u00a3 4,959,645,738 a change of -22.72%<\/h><\/p>\n
5\/06\/2019 FTSE Closed at 7220 points. Change of 0.08%. Total value traded through LSE was: \u00a3 6,417,553,392 a change of 4.62%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Gold  #SP500 With an interesting level of discretion, the FTSE has spent the last week scaring us silly! The problem was fairly simple. The market had broken the RED line on the chart below, moving the index into the land of pestilence, famine, dinosaurs, and rabid politicians. And then it changed… Our thinking last week … <\/p>\n

Continue reading “FTSE for FRIDAY 7\/06\/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-996","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/996","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=996"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/996\/revisions"}],"predecessor-version":[{"id":997,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/996\/revisions\/997"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=996"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}