FTSE Report 23rd July

ANALYSIS  –  6925 and 7020 IS KEY TODAY – AGAIN!!

TODAY LOOK TO BUY DIPS TODAY NEAR 6965 WITH 1 MIN BAR ACCEPTANCE BELOW 6925 AS THE STOP. NEEDS A REVERSAL SIGNAL BEFORE ENTERING . TARGET 7000 – TRIGGERED YESTERDAY AND TARGET JUST ABOUT HIT

1 MIN BAR ACCEPTANCE ABOVE 7020 IS A BUY FOR 15 POINTS. STOP 15 POINTS. VALID BEFORE AMERICA OPENS. – 7020 WAS THE HIGH YESTERDAY! BUT I FANCY THE SAME TRADE TODAY SO IF WE SEE 1 MIN BAR ACCEPTANCE ABOVE 7020 GET LONG.

SHORT TERM DIRECTION -NEUTRAL ABOVE 6925

MEDIUM TERM DIRECTION  NEGATIVE BELOW 6900

SPIKES IN FIRST 5 MINS AFTER OPEN –   keep an eye on 7020 for more experienced traders.


Anna Rosso

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