jevanss25

FTSE Shorts look primed if no deal Brexit

TVC:UKX   UK 100 Index
Ultimately the conclusion of this weekends Brexit talks will dominate how the FTSE moves next week.

IF there is not a positive conclusion to the talks, then the Sell set up looks primed, we have the following confluences;

- RSI bouncing off 70
- Momentum Divergence
- Momentum Weakening
- Bearish Engulfer
- Market broke the previous Post Covid high last week, with the above factors, it suggests the rally is over extended


UPDATE***
Just announced - EU Brexit talks to continue into next week, hardly surprising, but likely invalidates the above
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