The daily bar chart pattern of FTSE 100 rose above the 6600 level on Mon. Jul 4, but formed a 'reversal day' bar (higher high, lower close). It consolidated sideways for the rest of the week in a range between 6450 and 6600.
The index is trading well above its three EMAs in bull territory. The 'golden cross' of the 50 day EMA above the 200 day EMA has technically confirmed a return to a bull market.
Daily technical indicators are looking bullish.
-- The index is trading well above its three EMAs in bull territory. The 'golden cross' of the 50 day EMA above the 200 day EMA has technically confirmed a return to a bull market.
Daily technical indicators are looking bullish.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/07/s-500-and-ftse-100-index-charts-jul-08.html
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