Well here it s my eagerly awaited FTSE 100 weekly analysis. I didn’t get half as much time to do the things I wanted this weekend so those that are awaiting my updated spread bets list will have to wait just that little while longer. I’m hoping to get to it at some point this week but never say never.


Anyway onto the FTSE 100 analysis. Well it’s been another choppy week and when the markets dropped on Monday I thought the down trend was about to be confirmed but ever since then we’ve had a few days of rises. The 20, 50 & 200 day EMAs are all level with the 20 below the 50 but above the 200 so these tell us that there is no clear trend in the market at the moment. The way the chart looks at the moment it could go either way up or down so I will be looking for either long or short trades again this week, if I get the time that is.



For the people who are into pattern spotting it looks like there is a symmetrical triangle pattern in progress, but as for what that means I have no idea. I guess I need to do some more research in to price patterns. When I get some time I’ll look into them and add a new section to the technical analysis section so keep an eye out for that.



Well that’s it for this week, short and sweet. My outlook for the market is mixed which isn’t much use if you plan on trading the FTSE. Maybe next week will be different.

April 29, 2012 by Harry
Category: blog