FTSE - Weekly Market Thought 05072010

Important sell off last week. FTSE end week losing 208 points.

More information about this index UK Indices .
Broke last week suport 5040, key and must important suport area of last weeks.
We shouldn`t ignore the signal. Is now more vulnerable and below 5040 area, expect more damage next weeks.
Below 5040 target 4640 possible extension to 4390.
If this is a false breakout bulls will try to hold 4776 and close weekly chart again above 5040 area.
Important ftse regain again this or next week last key suport area.
Suportes 4390, 4640 and 4776
Resistances: 5040 and range [5213,5258]
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FTSE - Weekly Chart

FTSE - Weekly Market Thought 05072010

$FTSE - Daily and Weekly Market Thought 26042010

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$FTSE - Daily and Weekly Market Thought 26042010

FTSE 100 Index - Losing Momentum 5196 Key Number

RSI broke trend last year ( important Signal)with bearish divergence to.
Close weekly below 5196 Key Number - break suport and trend last weeks.Target...
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FTSE 100 Index - Losing Momentum 5196 Key Number

Market Europe - The idea comes to my mind - Range

The upper band of the range was visited on most indices. In the coming months expect a visit lower band again.
When I see the Vix to fall this way and the market with low volume,I think markets will crash or will visit again in sideways lower band of the range.
At the beginning of the year in most indices had a false break of the range. Let's see what market will do in the next 6-9 months.
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Enjoy

Market Europe - The idea comes to my mind - Range