wallstreet1928
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FTSE 100 - still consolidating near resistance ...bullish engulfing day !!
My only concern is the bearish engulfing candle on the Nasdaq as this could lead to further selling pressure towards the US session
The selling pressure seems to have taken control even with good chinese data overnight
concerns over Ireland and QE 2 by the Canadians seems to be taking centre stage !!
Either way 5840 is the battle ground
5840 cracks we go down hard to 5800 and then close gap to 5750 !!
nasdaq is talking ..........it wants to close gap @ 2158 !! could this be the catalyst
Nasdaq - bearish engulfing candle ..........looking towards gap fill @ 2158!!
Nasdaq is the leader
p.s. lol@sabre .........thanks buddy!
FTSE 100 - Daily Chart - currently facing resistance in the upper channel, pause and consolidation around 5800 region before the next leg up
FTSE 100 cracked 5840 , now we retest lower channel and close the gap @ 5750 before we move higher on friday
FTSE 100 cracked 5840 , now we retest lower channel and close the gap @ 5750 before we move higher on friday
5795 ..........we are threatening to fail here and close the gap !!
FTSE 100 cracked 5840 , now we retest lower channel and close the gap @ 5750 before we move higher on friday
DailyFXTeam DailyFXTeamMember
CHINA'S SHANGHAI COMPOSITE INDEX FALLS 5.4%, THE MOST SINCE AUGUST 2009
FTSE finally cracked 5800
caught a big fish overnight... + 40 on FTSE and we haven't even started trading yet!!
covering 2/3 shorts, leaving last 1/3 for 5750 !!
today is POMO day and its a light volume friday .....we could rally once 5750 gap is filled !!
quick to lock in those gains
up , up and away ..........
test of lower channel complete