Pivot low has held thus far regardless of the chaos in commods/Ukraine as investors anticipate FED U-turn on rate hikes!!
S&P 500 is vulnerable here...but a lot depends on tech sector for next move!!
Play each day as it comes as a day trader.
Its been an awesome trading week with some...
+660 points this week on the Live Analysis service
Its been a good trading week as volatility creates opportunity
Key support for FTSE 100 @ 7200 as it retests 200 MA
It's all about the gaps my friend ...We shall see if FTSE closes that gap overnight to trade higher at the open ?
see video for explanation
Ukraine crisis way over dramatic + so called talk of emergency rate hike by FED = short squeeze to ensue in the interim
price action will tell all in...
Pivot low should hold after we get over this over-blown drama in Ukraine ( smokescreen for Vaccine failure + failure to manage inflation concerns ).
Global economies can't afford a supply side shock = stagflation
Either way ....I can go about Geo-Pols forever
Back to price action...
Good weekend to all
Wishing everyone a prosperous trading week
OK - so where are we?
Daily - break out above 7600 based on commods = Oil rally on Ukraine fears
Hawkish central banks have failed to deter oil rally = FTSE resilient
So next step ?
1. Ukraine de-escalation - game of...
FTSE 100 - remains bullish on weekly
Daily , 60 mins and 10 mins vulnerable -
Certainly expecting an oversold bounce
US equities triggering a gap lower Monday = buy the dip for me provided fundamentals remain bullish until then
FTSE 100 remains bullish on Daily. Just need to watch out on H&S 60 mins given BOJO scandal = political uncertainty + Biden talking down oil. Either way China cutting rates this week = Bullish for commods = Higher FTSE 100 + M&A helping