AI
Monday, April 07, 2003 9:23:56 AM
FTSE Speculation
The FTSE is continuing it's uptrend but reaching a HOD and MACD crossover on it's 5 day chart. Might be an indication of the Futures topping out again. The FTSE is just speculation though and we need to keep an eye on what the US Markets are actually Doing. Dow mini Futures topped near 8500 and have been retesting support. Watching 8450 as current resistance and 8430 as support. Might indeed just consolidate a while before heading higher or lower. Will be watching SMAs to continue to hold Support for the Plan to remain Bullish. Puts could be played at the HOD signals but only down to tests of Support that Hold Support
The FTSE is continuing it's uptrend but reaching a HOD and MACD crossover on it's 5 day chart. Might be an indication of the Futures topping out again. The FTSE is just speculation though and we need to keep an eye on what the US Markets are actually Doing. Dow mini Futures topped near 8500 and have been retesting support. Watching 8450 as current resistance and 8430 as support. Might indeed just consolidate a while before heading higher or lower. Will be watching SMAs to continue to hold Support for the Plan to remain Bullish. Puts could be played at the HOD signals but only down to tests of Support that Hold Support
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
