FTSE 100 Index
Weitere Charts:
https://www.traderboersenboard.de/for...threadid=11920
The FTSE has shown, what to me is a classic (as described in my DVD Foundation series) setup. I have described this many times on this show and those explanations are still on my website. The index came down to the “obvious” support with strong momentum and bounced two days. Five weeks ago I report there were yearly cycles that could bring in a top. All that was necessary was a bit of distribution with a sideways move to confirm that scenario. This appears to be complete and
the index is trending down. This is a capitulation style move down so it could continue at this same rate until it can rally past 4 days, then we can assume a low of some sort. This does look like a top of some significance. I’ll try for a forecast next week.