FTSE 100 - May

FTSE had more time to think about things and

Japan has fallen 4.84% to 10884.70

D4F now quoting 4444/8 a fall of 50 points on Friday's close
 
Last edited:
D4F now quoting 4435/9 =60 fall



Lets hope this is a blow-off that posts the low of the week
 
420-400 would be good as that would equal 1.382 and 1.618 of wave a or 1
 
Davros said:
1.618 - which makes it 4437.5. Thats been exceeded, so a fall to 2?

It looks like 4409 might provide support, daily 0.618 and hourly 2. Chart attached.
 

Attachments

  • RT1.gif
    RT1.gif
    88 KB · Views: 158
For all you Fib watchers.

The next Fib level, using the 4602/4291 swing


should be the 61.8% retracement =4410.

No guarantee of a turn, rather we should be watching to see how the market reacts to it ,

to see if it has any significance.
 

Attachments

  • chart.gif
    chart.gif
    14.2 KB · Views: 161
Davros, Think we are counting differently

PS sorry for messy chart
 

Attachments

  • dfdfdf.GIF
    dfdfdf.GIF
    43.1 KB · Views: 151
looks like first attempt at a bounce. I find the first one usually fails so best to stand back and let the ma's catch up
 
Morning All,

Hope you had a good weekend.

The broadening top formation seems to playing out.
 

Attachments

  • untitled.GIF
    untitled.GIF
    78.4 KB · Views: 170
look how much the rsi has dropped on this downswing......will be bought right back up if it falls too quickly like the other times
 
Got 3 peak divergence on the 5 min chart so maybe a pullback and retest of 4,460 breakout???
 
personally I am working off 4602/4295 and 61.8
-4412

so mully and I are thinking the same things ?

anyway, something should happen around here
(I suspect volume may be a bit thin)
 
Bonsai
Thanks for the support
I think we are about to confirm a higher low .
 
Top