The following comments were made in last week's post on the daily bar chart pattern of FTSE 100: "The index may correct some more. Expect some downside support from the zone between 6750-6780."
As if on cue, the index dropped below its rising 20 day EMA on Thu. Aug 25 and touched an intra-day low of 6779 before bouncing up to close at 6838 with a weekly loss of 21 points.
-- As if on cue, the index dropped below its rising 20 day EMA on Thu. Aug 25 and touched an intra-day low of 6779 before bouncing up to close at 6838 with a weekly loss of 21 points.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/08/s-500-and-ftse-100-charts-aug-26-16.html
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