Posts Tagged ‘Technical analysis’

Hi all,

I am toying with the idea to go short on the FTSE since beginning of this week. I was waiting to see if it will break the support at 4290 and it did. All the technical analysis indicators show that the trend is going to change. I even read some articles about it.

It is all nice but sometimes the market has its own way. Yes the FTSE 100 has lost some points this week but today with some good news from the State it bounced back a bit and it looks more positive.

So is it the time to go short? I think that we soon will see the FTSE 100 at 4000 again and even below but I stay prefer to stay out at the moment. If it will go under 4200 I am in…