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First day back for a possible rise and dip | Bear Tuesday though | 7595 7560 support | 7642 7664 resistance

#1 · 19th April 2022, 8:53 am

Quote from Nick on 19th April 2022, 8:53 am
FTSE 100 Analysis | Signals | Forecast | Prediction | FTSE 100 Outlook | Trading help
The bulls fought back yesterday after the S&P500 dropped to test the green daily coral at 4371 yesterday, and the price has moved back above 4400. That dragged the FTSE100 futures back over 7600 and they have pretty much managed to hang onto that overnight as well. 4392 is now the support to watch on the S&P500.
Europe's markets climbed on Thursday last week as traders welcomed the European Central Bank's continued dovish monetary policy stance. The ECB confirmed plans to wind down its stimulus plan but decided not to follow central banks in the US and UK by increasing interest rates. The FTSE 100 ended the day up 0.5% at 7,616.38 points.
Stocks in Asia were mixed Tuesday with investors weighing Chinese measures to support the economy and the prospect for faster Federal Reserve policy tightening to fight inflation.
Equities were modestly higher in Japan, while Hong Kong technology names declined on ongoing concerns over regulation. China wavered as developers dropped and investors assessed measures to tackle economic headwinds from Covid-led lockdowns. U.S. futures gained after stocks ended little changed Monday. European contracts fell.
Treasuries yields dipped after the long end declined Monday. St. Louis Fed President James Bullard said that rate increases of 75 basis points -- while not the base case -- shouldn’t be ruled out as the central bank needs to move quickly to combat inflation.
Australian bond yields jumped. The central bank hinted rates may rise sooner due to quicker inflation and a pickup in wages growth. The dollar held an advance. The yen is in the midst of the longest losing streak in at least half a century. Oil fluctuated near $108 a barrel.
Battle for Donbas
Ukrainian President Volodymyr Zelenskiy said Russian forces had begun the campaign to conquer the Donbas region in Ukraine’s east. Moscow has sent reinforcements for renewed offensive operations in the region, according to a senior U.S. defense official. Russia has added about 11 battalion tactical groups, bringing its total in the country to about 76. Meanwhile, Russian President Vladimir Putin asserted that the “economic Blitzkrieg” of international sanctions on Russia had failed, citing the recovery in the ruble to pre-war levels. And Putin has given a special elite designation to an army unit that Ukraine has accused of committing war crimes in the northern town of Bucha.
FTSE 100 live outlook prediction analysis for 19th April 2022
Last weeks lower volume is likely to continue into this week so remain nimble! The bulls have fought back well on the recent dips, and there is potential for a rise towards the 7650 area on the FTSE100, as we have resistance at 7640 and 7665 in play to start with today.
The bulls will be keen to defend any drop down to the 7595 level as we have the 200ema here on the 30m chart, and also the 7585 area is the 2h support with a now green coral line here, and the Hull MA support as well. As such, if this level should break then a slide down to the 7560 area will probably play out, as we have the key fib here, along with the bottom of the 20d Raff.
Its been a while since we tested the edges of the 20d Raff channel so it should get a reaction, and combined with the 7550 daily support I would expect the bulls to try and defend that area.
As mentioned, 7640 is the first resistance area of note, and above that then 7665 is the next one, with the R2 and key fib here. Above this though and the bulls could well push for 7700 and a break of that would see 7735. Which may be a bit too optimistic with the current news backdrop though the FTSE100 is proving pretty resilient at the moment.
S&P500
Was a decent hold of the daily coral at 4371 yesterday, and today we have the green 30m coral at 4387 to start with for support. 4392 is the 100 MA as well, so should we get a dip down to that area then it would be good to see that hold.
A break of the 4385 level then 4368 is next up with the key fib here, and a second test of the daily coral.
Resistance wise, the daily chart is technically bearish with EMA resistance at 4451. We also have the R1 and 200ema on the 30m at 4422 to start with so could see an early rise stay at this level. Thinking a rise and dip on this today.
DAX40
Hovering above 14000 and that is now key support with 14195 also being the key fib. Looking at a rise towards the key fib resistance at 14195 this morning, and then a possible dip off that to retest the daily pivot at 14085. 14250 is the top of the 10d Raff and also the 25ema on the bearish daily chart now, so should it get that high a short here may well be worth a go as well.
Good luck today.
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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.
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FTSE 100 Analysis | Signals | Forecast | Prediction | FTSE 100 Outlook | Trading help

The bulls fought back yesterday after the S&P500 dropped to test the green daily coral at 4371 yesterday, and the price has moved back above 4400. That dragged the FTSE100 futures back over 7600 and they have pretty much managed to hang onto that overnight as well. 4392 is now the support to watch on the S&P500.

Europe's markets climbed on Thursday last week as traders welcomed the European Central Bank's continued dovish monetary policy stance. The ECB confirmed plans to wind down its stimulus plan but decided not to follow central banks in the US and UK by increasing interest rates. The FTSE 100 ended the day up 0.5% at 7,616.38 points.

Stocks in Asia were mixed Tuesday with investors weighing Chinese measures to support the economy and the prospect for faster Federal Reserve policy tightening to fight inflation.

Equities were modestly higher in Japan, while Hong Kong technology names declined on ongoing concerns over regulation. China wavered as developers dropped and investors assessed measures to tackle economic headwinds from Covid-led lockdowns. U.S. futures gained after stocks ended little changed Monday. European contracts fell.

Treasuries yields dipped after the long end declined Monday. St. Louis Fed President James Bullard said that rate increases of 75 basis points -- while not the base case -- shouldn’t be ruled out as the central bank needs to move quickly to combat inflation.

Australian bond yields jumped. The central bank hinted rates may rise sooner due to quicker inflation and a pickup in wages growth. The dollar held an advance. The yen is in the midst of the longest losing streak in at least half a century. Oil fluctuated near $108 a barrel.

Battle for Donbas
Ukrainian President Volodymyr Zelenskiy said Russian forces had begun the campaign to conquer the Donbas region in Ukraine’s east. Moscow has sent reinforcements for renewed offensive operations in the region, according to a senior U.S. defense official. Russia has added about 11 battalion tactical groups, bringing its total in the country to about 76. Meanwhile, Russian President Vladimir Putin asserted that the “economic Blitzkrieg” of international sanctions on Russia had failed, citing the recovery in the ruble to pre-war levels. And Putin has given a special elite designation to an army unit that Ukraine has accused of committing war crimes in the northern town of Bucha.

FTSE 100 live outlook prediction analysis for 19th April 2022

Last weeks lower volume is likely to continue into this week so remain nimble! The bulls have fought back well on the recent dips, and there is potential for a rise towards the 7650 area on the FTSE100, as we have resistance at 7640 and 7665 in play to start with today.

The bulls will be keen to defend any drop down to the 7595 level as we have the 200ema here on the 30m chart, and also the 7585 area is the 2h support with a now green coral line here, and the Hull MA support as well. As such, if this level should break then a slide down to the 7560 area will probably play out, as we have the key fib here, along with the bottom of the 20d Raff.

Its been a while since we tested the edges of the 20d Raff channel so it should get a reaction, and combined with the 7550 daily support I would expect the bulls to try and defend that area.

As mentioned, 7640 is the first resistance area of note, and above that then 7665 is the next one, with the R2 and key fib here. Above this though and the bulls could well push for 7700 and a break of that would see 7735. Which may be a bit too optimistic with the current news backdrop though the FTSE100 is proving pretty resilient at the moment.

S&P500
Was a decent hold of the daily coral at 4371 yesterday, and today we have the green 30m coral at 4387 to start with for support. 4392 is the 100 MA as well, so should we get a dip down to that area then it would be good to see that hold.

A break of the 4385 level then 4368 is next up with the key fib here, and a second test of the daily coral.

Resistance wise, the daily chart is technically bearish with EMA resistance at 4451. We also have the R1 and 200ema on the 30m at 4422 to start with so could see an early rise stay at this level. Thinking a rise and dip on this today.

DAX40
Hovering above 14000 and that is now key support with 14195 also being the key fib. Looking at a rise towards the key fib resistance at 14195 this morning, and then a possible dip off that to retest the daily pivot at 14085. 14250 is the top of the 10d Raff and also the 25ema on the bearish daily chart now, so should it get that high a short here may well be worth a go as well.

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 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 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

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