SuddenDeath
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Sorry, these Continenals and their language! CAC. 😀
OK you are in Spain.
Sorry, these Continenals and their language! CAC. 😀
FTSE absorbed bad UK GDP data and bad HSBC PMI, this means it is strong.
famous last words
it's big brother dow holding it - still keener to go down than up following dow moves
SP500 has very bullish technicals, this should lead to a modest gain on the close for sp500, which "should" put ftse100 at about 5360 level
The technicals were also very bullish for SP500 yesterday, it was able to bounce back from deep decline and close with small gain.
if yesterdays s&p ew was correct then it is now moving into a wave three of three giving a target of 25 points +....ha ha with a pinch of salt
Dow technicals are neutral for thursday and SP500 is at maximum bullish reading., this usually leads to modest but solid up closes.
should see ftse +60 to +85 on thursday
FTSE100 absorbed a lot of bad news, HSBC pmi and poor GDP data , but it has fulfilled its technical destiny.
PHP:
So you think this is another 'nothing' bounce?