FTSE 100

  • Here we can discuss FTSE 100 index aka "footsie" smile



    5 day chart:


    Longterm


    This main British stock index consist of 100 most influential UK companies

    In the FTSE indices, share prices are weighted by market capitalisation, so that the larger companies make more of a difference to the index than smaller companies.
  • You can find technical analysis of FTSE also here
  • last edited Mar 14 2013 11:36 am by timothy27
    Goldman sachs released a press statement with their new target for the FTSE100
    FTSE 100 may reach 7,200, Goldman Sachs says
    The weakening pound and further monetary easing may send London’s FTSE 100 above the 7,000 mark to record levels in the coming year, according strategists at Goldman Sachs.
    source:http://www.telegraph.co.uk/finance/markets/9926778/FTSE-100-may-reach-7200-Goldman-Sachs-says.html

    The ftse100 is trading in an ascending channel for 50 days now:


    if we zoom into a lower time frame we see the price is hovering around the 6500 area (line number_1) which is a major psychological area of interest:


    If we see a daily candle close above the 6500 level this could indicate a further rally. on the other side if the 6500 gets rejected now i would wait for the bottom line of the channel to be hit before taking action.
  • last edited Mar 18 2013 10:12 pm by timothy27
    FTSE100 opened with a big gap after the cyprus news.
    price opened with a huge gap down but immediately found support on an old trend line number_1 as shown in the chart below.

  • last edited Mar 26 2013 11:20 pm by timothy27
    The FTSE100 dropped a bit the last few days, is it a retracement after which we continue the upmove or trend reversal?
    If we look at the 14 period rsi we see bearish divergence.
    This could indicate a possible reversal, although divergence can indicate a reversal it does not give entry signals.
  • FTSE made it all the way to our upper target of 6769 for a selling opportunity with stops above 6782. We have held support at 6712 but the risk looks to be to the downside today so watch for a break lower to target 6699. Failure here then takes us towards 6678/74. Any longs here need stops below 6665 for good support at 6625/17 & a buying opportunity.

    Resistance at 6742/46 could hold the topside today but above here look for resistance at
    6770/79 again. A break higher today looks unlikely but could target 6810. A break above 6830 would then open the door to 6861 highs.
  • FTSE headed lower as predicted to our lower target of 6625/17 & a buying opportunity. We bottomed just below at 6603 but the outlook remains weak so watch for a break below 6590 to target the March high at 6558/52. If we continue lower look for good support at 6518.

    Resistance at 6645 but above here look for 6665/70. We should struggle here so watch for high for the day but if we push higher look for a selling opportunity at 6692/02.
  • FTSE tried a break below 6590 but recovered quickly from 6586 to reach resistance at 6645. We could struggle again at 6650/55 today but above 6660 opens the door to a test of tough resistance at 6692/99. Look for a high for the day here so exit longs & try shorts but we need stops above 6725 for a move towards 6756.

    Failure to beat 6655 could see us drift back to 6598/88. A break lower today cannot be ruled out and could target the March high at 6558/52. If we continue lower look for good support at 6518. Any further weakness could offer a buying opportunity at 6472/66 with stops below 6435.
  • FTSE broke the 100 day moving average at 6384 & continued lower through all support to 6271. We are quite oversold now but need to beat resistance at 6340 for a run to 6381/88 & the 100 day moving average. If we push higher we run in to Fibonacci resistance at 6410/15 & we should struggle here with a high for the day possible, but a break higher could target 6449.

    Next resistance at 6473 but above here we could reach 6496/98 for a selling opportunity.
    Below 6305 risks a retest of 6271. A break lower today meets very good Fibonacci support at
    6232/26 which could be a buying opportunity but we need stops below 6200 for 6174 & possibly a test of April lows at 6160.
  • FTSE headed higher as expected beating resistance at 6350/56 but fell a few points short of the 6376 target & sold off sharply to hold just above support at 6287. We are a little overbought in the very short term so we could continue lower but should find a buying opportunity at 6265/60. Exit shorts & try longs with stops below 6230.

    The daily chart is getting more positive so eventually this week we should start to push higher.
    Above 6330 look for 6353/63. A break of yesterday’s high & resistance at 6370/76 should see a test of the 100 day moving average at 6400. If we continue higher we run in to tough Fibonacci resistance at 6450 with a high for the day expected if we reach this far.
  • Daily Forecast - 15 October 2014


    FTSE held immediate support at 6285/80 & made it back above 6325 for a selling opportunity at 6350/60 with stops above 6385. We topped at 6384.5 & dipped back towards 6325. IMPORTANT RESISTANCE AT 6390/6400 IS KEY. TRY SHORTS WITH STOPS ABOVE 6425. A BREAK HIGHER IS A BUY SIGNAL. The bounce off important longer term Fibonacci support at 6255/45 on Monday followed by a break above 6400 today will confirm an end to the 4 week bear trend. We should then quickly target 6445/50. Watch for a high for the day. However a break higher perhaps later in the week targets strong resistance at 6490/6500.

    Below 6340/30 however keeps the market under pressure to target 6305/00. Below here topside 6279/75. A retest of crucial support at 6255/45 is a buying opportunity as this may mark he low for the sell off at this stage. Longs need stops below 6225 to target 6200/95 then 6170/60 & 6135/30. If we continue lower look for excellent support at 6095/85. May not be worth running shorts any further at this stage & may even be worth trying longs from here down to 6070/60.

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    COPYRIGHT 2013 - the contents on this report are intended to be understood by professional users who are fully aware
    of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN
    THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE & IS PROVIDED FOR INFORMATION AND
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  • Daily Forecast - 16 October 2014


    FTSE continued lower & unexpectedly crashed through crucial support at 6255/45 to hit all our targets down to 6135/30. We bottomed exactly here at 6124 & there is a very good chance we have seen the low for the 4 week sell off. *It is now too risky to run shorts.* I expect a strong recovery in to the end of the month before another big drop in to year end. We switch our strategy to buying in to weakness. Today we should start the recovery & need to beat immediate resistance at 6220/25 to target 6275/80. We should struggle & a high for the day possible but above targets strong resistance at 6305/10. Exit longs & try shorts with stops above 6330. However be ready to go with a break higher using 6310/05 as support for a move towards 6375/80.

    Buy in to any weakness down to 6135/25. However be aware that we have 200 week moving average & important longer term Fibonacci support at 6095/85 for another excellent buying opportunity. Only a close below 6060 tonight turns the outlook negative again & could send prices in to another free fall.

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    COPYRIGHT 2013 - the contents on this report are intended to be understood by professional users who are fully aware
    of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN
    THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE & IS PROVIDED FOR INFORMATION AND
    EDUCATION PURPOSES ONLY.
  • Hi,
    During Nov 2014, FTSE has been doing kind of side/rectangle movements between 6650 - 6750 for couple of weeks, anyone sees a positive trade to go long 6760 (cut lost 6640), aiming at 6910 profit ?
    Thanks
  • last edited Dec 7 2014 3:13 pm
    I personally don't watch the FTSE much so thanks for drawing my attention to it. I wouldn't long it at market. I like trading bounces. Either around 6600 or if we break higher at 6800 if pullback occurs
    FFI, D


  • FTSE outlook remains negative after last week's loss of over 500 points. A break below immediate support at 6200/6195adds pressure to target 6150/45 with any further losses to test 200 month moving average support at 6125/20. A low for the day possible but longs need stops below 6100. Be ready to go with a break lower to target 6083/82 then 6065/60.

    Our first resistance level is at 6260/65 then 6290/93. Above here look for a selling opportunity at 6310/15 with a good chance of a high for the day but our shorts need a stop above 6330. On a break higher we should target 6345/50 and any shorts here will need a stop above 6360.


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    COPYRIGHT 2013 - the contents on this report are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE & IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.


  • FTSE outlook remains positive & will now need to hold above the important short-term support at 6370/6365 to build on recent gains. Be ready to go with a break above 6395/6400 to target 6415/20 then resistance at 6435/6440. A high for the day is possible here, as we become overbought in the short-term, but if trying shorts use a stop above 6450. Be ready then to go with a break higher using 6440 as support to target 6464/6468 then 6480/6490. If we continue higher look for a very strong resistance at 6505/6515. Try shorts expecting a high for the day with a stop above 6530.

    Immediate support at 6370/6365, but longs need stops below 6350 as this risks a test of support at 6325/20. Longs here need a stop below 6300, as we could then test very strong support at 6275/6272. Try longs here expecting a low for the day with a stop below 6250.

    One day online mentoring program with subscriber discounts:


    COPYRIGHT 2013 - the contents on this report are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE & IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
  • last edited Apr 18 2017 8:44 am by nleeson111
    Right after the referendum results came out in June, small and mid FTSE small cap stocks were hit hard as worried investors sold everything off in a rush. But since then, the market has rebounded and is even ahead of the FTSE 100.

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