FTSE trading: The rally is in its final leg up, the Top 20 Differential is overbought and the pattern can be counted as an impulse wave or a double zigzag nearing an end. It is not recommended to be heavily long at this stage but there is still potential for a move to 7350 in […]
FTSE forecast: The decline could be short lived
FTSE forecast: today possible decline followed by a rally. As you can see the pound looks bearish, if it is tracing out a triangle [a,b,c,d,e (circle)] the next move is wave d (circle) down to 1.2400. If this happened and the S&P declines, the FTSE will decline but the decline won’t go far. The alternative […]