ARTICLE SYNOPSIS...The FTSE has gone nowhere for over a year and a big double top is taking shape. Waning momentum suggests that this pattern will soon be confirmed.
ARTICLE SYNOPSIS...FTSE 100 works its way high towards key retracements and remains in uptrend.
ARTICLE SYNOPSIS...The recent breakout in the FTSE is bullish, but the CAC 40 and DAX have failed to follow suit and could become a drag.
ARTICLE SYNOPSIS...Even though the FTSE broke resistance at 5800 and this break is holding, the pattern does not look like a robust double bottom and traders should be on guard for a failed breakout.
ARTICLE SYNOPSIS...The study of intermarket analysis tells us that global indexes tend to follow one another. At times they diverge but eventually they align. With that in mind, there are a few things that the FTSE may be trying to tell us about the Dow.
ARTICLE SYNOPSIS...Some indicators suggest that support is close at hand for the FTSE and that traders should prepare for a bounce.
ARTICLE SYNOPSIS...The FTSE is consolidating between 4360 and 4520. A breakout above 4520 could lead to 5000 for the FTSE in the medium-term. Indications are this could happen soon.
ARTICLE SYNOPSIS...The FTSE is holding its uptrend, but the August pullback carried it back to key support, and a big test looms.