7890 resistance today | Learn to trade analysis signals alerts

Bull defend 7220 again | 7309 7345 resistance | Dead cat bounce or lows in | Analysis for Trading

22nd May 2018 – FTSE 100 Trading signals – Learn to trade the markets

Forum is back for comments here

Bulls certainly held it up on Monday as the 7855 level was broken for a 7873 high. Few headlines starting to appear in the main stream media about 10000 FTSE levels likely soon, which is always a good sign the top is near (was in the Telegraph this time) and we are about to start a leg down. For the moment however the momentum is bullish with 8000 beckoning still. The fear & greed index has hit 57/100 moving into “greed” for the first time in this climb from 6850 so time to start thinking about a bit of caution.



FTSE 100 Trading Signals, Forecast and Prediction

Fairly simple plan today really looking for further upside though the bulls might struggle to push past the 7900 area was we have R1 and the fib level around here for today. As such this area might well be a decent profit taking area on longs, and may see some brave bears entering the market. There is a chance though that we are heading to 8000!

Bloomberg’s Asia Report here

Membership

If you would like more detailed analysis for FTSE 100, DAX, Gold and S&P, including the trades that I am looking to take myself, then please join my active members community.

Results

I keep a record of all the trades communicated to members via the morning email trade plan and those alerted live. See the results here.

What you get

  • Daily Analysis pre market open (sent around 7am each day) for FTSE, DAX, Gold and S&P.
  • Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits
  • Telegram Chat room and webinar group membership for discussion and realtime trade updates