The Top 20 Differential was oversold two days ago, this meant the FTSE 100 prediction was up, I expected a bounce to relieve the oversold condition. We had the bounce yesterday and the Top 20 Differential is no longer oversold. But the rally carried further than expected. The rally retraced nearly 62% of the previous […]
Monthly Archives
April 2017
We have more winners, happy Easter
Since my last email two weeks ago we have made further gains on the FTSE 100. I expected the FTSE 100 to trade within a triangle, the break above 7384.8 on Tuesday changed the pattern to an upward zigzag [(a),(b),(c)] as explained in yesterday reports: FTSE 100 short term forecast So we started to go […]
e-Yield indicators are bearish but the declining GBP/USD is bullish
Today we have an alternate wave count, this bearish scenario is supported by the S&P, e-Yield indicators, and the Elliott wave. As you can see on the chart this alternate wave count assumes that the rally ended at 7447. In fact this is also the end of the bull market represented by wave (5). In […]