FTSE 100 - Inter Market Analysis

[InterMarket-Analysis]

FTSE 100 will be adjusted for dividends = 41 points.

I am maintaining my bearish bias on FTSE 100 going into tomorrow given geo political concerns dominating via North Korea.

A raft of economic data is out of the UK tomorrow so expect some volatility especially in GBP/USD.

resistance zones : 7505 , 7515, 7520, 7540 gap fill ..........All zones I will be looking to short

 

[InterMarket-Analysis]

FTSE 100: Trading Plan for 14/08/17

FTSE 100 will be looking to hold support at 7300, *but we have major political uncertainty and risk off given the nazi racist riots in charlottesville, USA.

"Trump said "many sides" were involved, drawing fire from across the political spectrum for not specifically denouncing the far right. The violence presented Trump with perhaps the first domestic crisis of his young administration."

Will we gap down below 7300 ?

If so then support is seen at 7260, 7220, 7200.

If we can hold 7300 whilst absorbing the bad news, then we can attempt to short squeeze higher to 7360-7390.

 

[InterMarket-Analysis]

FTSE 100: North Korea concerns to test 7300 support

Will the S&P 500 hold 2420 and will the FTSE 100 hold key support at 7300 post Bannon departure?*

Asian markets mixed overnight as Nikkei lower vs China higher.*

 

[InterMarket-Analysis]

TA update

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