Looking at the FTSE100 - it is time to sell? We think yes - we have monitored this on private charts but now it is time show a public view and to close some longs and begin to hedge and close out final longs.
Have you noticed a pattern? All indexes have had Vshaped recoveries - however is it sustainable? Nope.
With a lot of the companies on the FTSE stock exchange being foreign owned on multiple exchanges - it is clear that these giants will see a poor performance coming.
Technicals - weak trend line which saw a fakeout and retest on our orginial trendline - but this was now corrected. Now we move sideways around the 50%. Taking the impulse from the highs to the lows March end. We have a very poor trend line which is a correction rising channel - but as tailed off. UK sectors - will see large outflows with the FTSE supply and lower high formed - means the sentiment is sour.
The UK has a dead cat bounce, similar to S&P, Nasdaq, and Dax. VIX and Gold will be the strongest gainers where money printing and inflation occurs. [obvious no?].
Fundamentals Brexit in play with a little chance of a deal and the stimulus package which the UK provided to citizens is clever to many to provide companies with the 20% pay gap, however many people are still not in work and the sentiment of the government finding ways to prevent debt to tip over 100% will become a real issue. Brexit again, EU stimulus package for loans and grants is another poor decision - with many countries affected in crippling ways, Southern Europe, Eastern Europe also and western countries e.g. Scandinavian, Netherlands all not wishing this would go ahead. Germany need the stimulus to keep on top of the EU. Germany has become the power of EU since Euro inception.
UK assets - will be reduced to losses without trade deals from the EU, USA and Canadian, swiss or singaporean style deal..
Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets - both work in investment banks, hedge funds simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.