FTSE looking bearish!!
WEEKLY:
1.Price at 6400 area which is strong resistance zone. 200 sma and cloud resistance
2.smooth ha delta below 0 and ewo red
3. Below cloud/Trend is down
DAILY: 1.Neutral with near term bearish bias
2.Price in cloud
3.Price dint even reach 200 sma
4.Stoch and hadelta both pointing down
4H
1.Price found support at cloud bottom and now 6320-6350 should act as resistance if we are go lower
2. ST oversold. Watch rsi near 50-60 zone.
UK100 Looks lot better than US equities which are so choppy right now and will stay choppy until FED. Then we'll get some direction ,which most likely will be bearish.
1.Price at 6400 area which is strong resistance zone. 200 sma and cloud resistance
2.smooth ha delta below 0 and ewo red
3. Below cloud/Trend is down
DAILY: 1.Neutral with near term bearish bias
2.Price in cloud
3.Price dint even reach 200 sma
4.Stoch and hadelta both pointing down
4H
1.Price found support at cloud bottom and now 6320-6350 should act as resistance if we are go lower
2. ST oversold. Watch rsi near 50-60 zone.
UK100 Looks lot better than US equities which are so choppy right now and will stay choppy until FED. Then we'll get some direction ,which most likely will be bearish.
