26th April 2018 – FTSE 100 Trading signals – Learn to trade the markets
Forum is back for comments here
Fading in the shorts turned out to be the best plan yesterday as we dropped off 7405, all the way down to 7335. The US also declined again during their session, with the S&P reacting at the bottom of the daily Raff channels at the 2620 level. Good earnings data from Facebook after the bell helped pull the Nasdaq and US markets up. The ball is in the bulls court today on the S&P to defend the 2636 level. On the FTSE 100, I am thinking that a rise towards the 2 hour resistance level at 7414 is still possible for today. The FTSE is still holding up pretty well considering the drops across the pond, helped by crude oil rising above $68 per barrel, and cable remaining below 140. The fear/greedy gauge is slowly rising, now 38/100, so we may well see some more buy the dippers come in as fear slowly dissipates. FTSE daily support is down at 7250 – if it gets there thats decent long territory.
FTSE 100 Trading Signals, Forecast and Prediction
For the FTSE I am thinking a rise this morning to the 7414 area, drop back as the US opens and wants to close the gap, and then further upside. If the bulls can close above 7395 then we should still be on for the 7500 area, with 7510 now daily resistance.
We have the ECB rate decision today, at 12:45, so likely to see some Dax movement around then, and even more so when Draghi starts speaking at the press conference after, starting at 1330. Investors will be watching for any sign that officials are preparing a shift in stimulus plans for their June meeting. US jobs data at 1330 is also due out, with GDP tomorrow.
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