Buy the dip with 7090 support overnight holding | Trading help and support

Mid terms done | FOMC next | 7115 support | 768 7204 resistance | Trading analysis signals

7th March 2018

Want to discuss things with other traders – please visit the free forum here for todays discussion

Frustratingly early with with the FTSE short yesterday as the FTSE 100 rose towards 7200 in morning trading, but then declined from there, accelerating as news broke that Donald Trump’s top economic advisor, Gary Cohn, was to resign. They disagree over the trade tariffs and now it looks likely that we may see these trade tariffs/wars. As news broke of the resignation, the dollar slid, stocks tumbled and Treasuries climbed. The greenback fell 0.5 percent against the yen — often a haven in turmoil in Tokyo trading. S&P 500 Index futures dropped 1.1 percent, and equities retreated. Ten-year Treasury yields fell more than 4 basis points, to 2.84 percent.


FTSE 100 Forecast and Prediction

So, whats in store for today? US politics never make it easy trying to predict the markets! We are currently sat on 2 hour support across the board at 7099 FTSE 100, 2690 S&P and 11983 on the Dax. If these areas hold, at least initially, we should get a bit of a bounce this morning. Obviously the prospect of trade wars and tariffs have been having a negative effect on markets as you know, so know that Cohn is gone and these look more likely there is a strong argument for further declines.

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.

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