FTSE 100 - 6 months at most until doom day

30 nov. 2018

A storm is brewing.

6 déc. 2018

Transaction en cours

Almost there. 5 times the trend line has now been hit. The more often a trend hits support or resistance the more likely it is to break through it.

19 déc. 2018

Transaction en cours

Is that a bear flag forming on the stochastic chart or am I seeing things...

26 déc. 2018

Transaction en cours

Divergence over 10 years? The wider it is the stronger the correction, so they say. Starting to scare myself now. The bear market ahead will be unlike anything we're likely to see in our lifetimes.

2 mars 2020

Transaction en cours

The RSI resistance trend line that started almost 2 years ago continues to hold sway. 5 attempts at breaking the trend have been rejected, this has become a strong resistance now and could continue to hold until the area circled, 2025!

Are we really heading for a 5-year long bear market? Thoughts welcomed!

11 mars 2020

Transaction en cours

Although the week is not over, this weekly chart shows us previous support has been smashed...



As the trading day comes to a close, the 'buy the dip' brigade have found themselves thoroughly rejected by the waiting sellers. On the daily chart below we can see the formation of a Gravestone candle. The length of the wick is what grabs my attention, I'm used to seeing this in the Crypto markets but not stocks! It would seem the rout is far from over.

12 mars 2020

Note

Officially now a bear market.

1) 50-day crosses down 200-day moving average

2) Price action below 200-day moving average.

20 mars 2020

Note

Market closed with a Gravestone DOJI -

Monday / Tuesday is going to be a bloodbath - have a nice weekend!

4 juin 2020

Note

Take profits up and until 6700. Remember we're in a bear market.

25 juin 2020

Note

On this 10-day chart the last printed candle shows a 'hanging man' bearish indicator, which is confirmed by a following red candle. Also our previous support was test and is now confirmed as resistance. Downward from here.

3 juil. 2020

Note

I think we're on the verge of a major move. Up or down? That's the question. Probably to the downside. Why? Two charts:

1) The uptrend has made higher lows on support since the beginning of April. This week that support failed.



2) The Bollinger Band shows the index has fallen into the bearish half (under black line). More importantly the mouth of the band is closing in - this is an indication a big move is coming. The tighter it becomes the more explosive the move.

30 juil. 2020

Note

10-day chart confirms hanging man candle stick - bears now in control.

7 août 2020

Note

RSI is now at the same level (circled in purple) as it was in March before the collapse, following a RSI resistance trend line. Price action has also been trading under the 21-day moving average for 18 days now. Might be the last change to get out...

16 sept. 2020

Note

Price action @ resistance - short to 5600

28 oct. 2020

Note

Major trend line broken today (black circle) - expecting a sudden fall to the downside now as RSI falls below 20.

7 janv. 2021

Note

The FTSE 100 continues to trade under RSI resistance on the 2-month chart (below). Although recent gains suggest a new uptrend has begun, the chart tells me to be cautious.

The 8 year moving average (red line - no idea why price action respects it however it is notable 8 years is the average time between recessions) is currently being tested as resistance. A candle body needs to close on or above before going long or a break of RSI resistance.

Will revisit in the Spring!

23 avr. 2021

Note

For multiple weeks now price action has been bouncing inside a bearish rising wedge pattern. There is no possible trading opportunity whilst inside this pattern, too risky. One must wait for confirmation.

Typically these patterns continue as they started, if price action fell from above it shall continue that way. However, there is a bullish case... There is a reduced probability of price action breaking out to the upside. That will be very bullish indeed. Look for a breakout + support on previous resistance.

If break out to the underside, that'll be hell. Projected target is around 4500.

8 juil. 2021

Note

Price action breaks out of rising wedge pattern on 10-day opening the path for a -20% drop in the market to the 5600 area.