FTSE100 Analysis | Signals | Forecast | Prediction | FTSE 100 Outlook | Trading help
FTSE100 live outlook prediction analysis for 15th November 2022
Bit of a weaker bull Monday yesterday and a potential bear Tuesday on the cards today. The 7465 level remains to be tested and is the resistance in play for the moment, whilst initially the 7420 level is key for today to start with.
We have the key fib and the R1 level here, so an early rise to here then a drop off down to the daily pivot at 7366, and possibly even the 7320 level would fit pretty well. We are still heading towards the inflation data due out later this week, whilst in a further turning of the screws council tax rises are once again back in the news.
Looking at the charts this morning a rise and dip could well play out across the FTSE100, Dax 40 and the S&P500, and then a further bounce towards the end of the day if the supports get tested and hold well.
The FTSE100 bulls will be keen to recapture the 7400 level but it remains to be seen if they can hold onto it. We dropped off from 7410 yesterday fairly robustly, and with cable continuing to rise after nearly getting the parity it’s just tempering the FTSE100 upside for the moment.
Above the 7420 level then 7465 as mentioned, and then above that we of course have the 7500 round number. The Raff channels continue to head up with 7450 being the top of the 20 day one for today.
For the bears, we still haven’t had the drop down to test the 25ema for a possible swing long entry and then a stronger end to the month. Seasonally we do get a bit of a pull back mid to end November after the rise that starts in mid October, so this still remains as a possible route – drop down to test the 7200 area then commence the December Rally. 7188 is the current 25ema level, and a drop to test that would certainly fit well. Maybe a quick flush down to there even to stop out a few of the longs that are still holding.
Could do with a news headline along the lines of “is now the time to buy shares” to suck in a load of retail just ahead of a drop…….
In news just out, wages rose by more than expected but unemployment also rose to 3.6%.
Good luck today.
Recommended Broker
IC Markets – offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!
Membership and Live Trading
If you would like more detailed analysis for FTSE100, 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 FTSE100, DAX40, Gold and S&P500.
- Daily email pre market includes my trading plan for the day including ORDER levels, with stops and targets/limits
- Telegram live trading room and webinar group membership for discussion and realtime trade updates
Keep up to date with new content, free sign up below with just your email address
US CORE PPI YOY ACTUAL 6.7% (FORECAST 7.2%, PREVIOUS 7.2%)