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Flat again ahead of the fed Wednesday | 7474 resistance 7420 support | Trading analysis

#1 · 25th September 2018, 9:55 am

Quote from Nick on 25th September 2018, 9:55 am
25th September 2018

Was a pretty flat one on the FTSE 100 yesterday, and that carried through to the US session also with limited trading opportunities. The 7451 FTSE long managed a small bounce but with just a 30 point range all day, the sidelines were the most popular place to be. With the bulls failure to climb above the 7500 level seen on Friday, we have a bearish 2 hour chart now with resistance at 7474 and a decent shorting level here if seen. The Dax dropped off its 2 hour resistance yesterday at 12402, With 12436 above that for today.

Wall Street was also knocked by a report claiming that Rod Rosenstein, the US deputy attorney general overseeing the probe on Russian interference into the 2016 presidential election, will resign.

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FTSE 100 Trading Signals, Forecast and Prediction

Though fairly flat there was a bit of weakness creeping in yesterday and in fact I have pretty decent resistance showing at the 7474 level for today, and we also have R1 at 7476. That said, I also have decent daily support showing at 7426 where we also have S2 so I think that we might see this area hold on any initial test.

The 30min chart has got a bearish (red) coral line now with resistance at 7460 to start things off as well, so we are heading into a fairly narrow range which will probably break today. Possibly break to the downside for a run down towards 7400.

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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.

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

25th September 2018

Was a pretty flat one on the FTSE 100 yesterday, and that carried through to the US session also with limited trading opportunities. The 7451 FTSE long managed a small bounce but with just a 30 point range all day, the sidelines were the most popular place to be. With the bulls failure to climb above the 7500 level seen on Friday, we have a bearish 2 hour chart now with resistance at 7474 and a decent shorting level here if seen. The Dax dropped off its 2 hour resistance yesterday at 12402, With 12436 above that for today.

Wall Street was also knocked by a report claiming that Rod Rosenstein, the US deputy attorney general overseeing the probe on Russian interference into the 2016 presidential election, will resign.

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FTSE 100 Trading Signals, Forecast and Prediction

Though fairly flat there was a bit of weakness creeping in yesterday and in fact I have pretty decent resistance showing at the 7474 level for today, and we also have R1 at 7476. That said, I also have decent daily support showing at 7426 where we also have S2 so I think that we might see this area hold on any initial test.

The 30min chart has got a bearish (red) coral line now with resistance at 7460 to start things off as well, so we are heading into a fairly narrow range which will probably break today. Possibly break to the downside for a run down towards 7400.

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