Analysis of London & Sydney Markets

By request of a couple of members on the other side of the pond, here's my take on the London FTSE 100, Sydney All Ordinaries & the S&P ASX 200 Composite Indices. Following the recent breakout above significant resistance to new highs, the $FTSE is now back-testing that level, now key support, from above. While this pullback to support could provide an objective long entry with a resumption of the uptrend to following, the charts appear to indicate that the recent breakout is likely to fail with more downside in the coming weeks or months. $FTSE daily Jan 30th [...]

2017-03-08T21:19:14+00:00 Jan 30, 2017 9:41pm|Categories: Equity Market Analysis|Tags: , , , , |3 Comments