Inter-market analysis on FTSE 100

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InterMarketAnalysis

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All eyes on the pending H&S formation due to Scottish vote uncertainty
 

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I think you're potentially seeing things :cool:..thats a very loose H&S if you ask me and when you say due to the pending scottish vote. Surely this decline is due to the fact that the FTSE has been banging its head against a wall of resistance for half a dozen times in the last year now which has absolutely nothing to do with the scottish vote.

At least, thats how I see it. We of course all see things differently :)
 
I agree

Here is an alernative view

FTSE AIM ALL SHARE has IHS = FTSE 100 higher = Scots vote NO
 

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InterMarketAnalysis said:
I agree

Here is an alernative view

FTSE AIM ALL SHARE has IHS = FTSE 100 higher = Scots vote NO
Click to expand...

Now that's much better. and if you left out the needless comment on scottish votes and the incorrect assumption that the AIM and 100 are that strongly correlated it would be spot on. AIM has been in a down trend for months, whereas the FTSE has been pushing with higher lows all the time. What makes you think that a push up will bring the 100 up with it now given that it hasn't all this time in the past?
Stick with the technical analysis if i were you :)
 
One doesnt require a 100% correlation when applying inter-market analysis

besides variables such as KIWI and AUSSIE converge and diverge all the time .

The trick is reading between lines


This is the FTSE 60 mins chart that depicts the H&S clearly

Obviously neckline compromised by

"Wall Street is rallying on hopes of a dovish #Fed statement, coupled with reports of a potential liquidity injection by China's central bank "
 

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InterMarketAnalysis said:
One doesnt require a 100% correlation when applying inter-market analysis
Click to expand...
then why attribute a rise in the AIM to the FTSE. At the moment its inversely correlated which kind of made the comment moot. It seems as though you're looking for reasons why something might happen.
Scottish votes, AIM going up, wallstreet rallying because of whatever. whats that got to do with your FTSE analysis? I'm a bit lost.

Anyway, lets see how you're H&S pans out :sleep:
 
Charts are like a chess board, they give you all the potential outcomes available. Hence TA is a subjective science

Its up to the trader to inculcate FA(news flow, sentiment + prevailing bias in the market ) & inter-market analysis as explained by John Murphy(FX,commods, bonds & equities) to reduce the noise and work out the next direction in the market

At present we have 3 exogenous variables

1. FOMC
2. LTRTO
3. Scottish vote

A trader must react & adjust his bias accordingly this week
 
H&S on FTSE 100 vs IHS on FTSE 250 ?

William Wallace decides which pattern fails or triggers ?
 

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FTSE AIM to send FTSE 100 higher esp after scottish no vote out of the way

I am swing long FTSE 6865

sl = 6765


tgt = 6965
 

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FTSE 100 must play catch up to all global markets base don inter-market analysis

IHS formation = 6900 and higher on 60 mins chart


Feel free to ask questions regarding set ups etc related to FTSE 100
 

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FTSE 100 - The great wall of China @ 6900 will break = playing catch up to global markets to new highs
 

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InterMarketAnalysis said:
FTSE AIM to send FTSE 100 higher esp after scottish no vote out of the way

I am swing long FTSE 6865

sl = 6765


tgt = 6965
Click to expand...

Previous FTSE longs stopped out -100

Now that the Tesco + pharmaceutical bearish factor is now baked in to the cake , I expect a move higher and I will retake FTSE long 6684 , sl = 6584 , tgt 6784

IHS formation on FTSE AIM & FTSE 250 still intact
 

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InterMarketAnalysis said:
Previous FTSE longs stopped out -100

Now that the Tesco + pharmaceutical bearish factor is now baked in to the cake , I expect a move higher and I will retake FTSE long 6684 , sl = 6584 , tgt 6784

IHS formation on FTSE AIM & FTSE 250 still intact
Click to expand...

I hope no one "Left your cake out in the rain."

 
FTSE 100 - H&S target was hit to my surprise

now we have a short squeeze party in play with China higher
 

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InterMarketAnalysis said:
Previous FTSE longs stopped out -100

Now that the Tesco + pharmaceutical bearish factor is now baked in to the cake , I expect a move higher and I will retake FTSE long 6684 , sl = 6584 , tgt 6784

IHS formation on FTSE AIM & FTSE 250 still intact
Click to expand...

FTSE longs closed +30 due to kiwi and aussie weakness

switching bias to short 6714

sl 6814


tgt = 6614


FTSE 100 - bear flag now in play
 

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