United Kingdom: FTSE 100

[setravis]

United Kingdom: FTSE 100

The FTSE 100 shows similar hesitation to the Dow, consolidating between 4300 and 4400 on low volume. Reversal above 4400 would test primary resistance at 4650, while downward breakout would test 3900. In the longer term, the bear rally is not expected to follow through and reversal of the recent up-trend would test primary support at 3500. Breakout above 4650, however, would offer a weak reversal signal (to a primary up-trend), but readers should beware of a bull trap.

[setravis]

UK: FTSE 100...
The FTSE 100 displays a similar bearish divergence on Twiggs Money Flow (21-Day). Reversal below 4300 would signal a primary decline to test support at 3500. Breakout above 4500 is unlikely, but would test primary resistance at 4650.

[setravis]

United Kingdom: FTSE 100
The FTSE 100 made a false break below the consolidation between 4300 and 4500, retreating above 4300 shortly afterwards. But bearish divergence on Twiggs Money Flow (21-Day) continues to signal selling pressure. Reversal below 4300 would warn of a down-swing to test primary support at 3500. Breakout above 4500 is unlikely, but would test primary resistance at 4650.

[setravis]

United Kingdom: FTSE 100...Tests 4200
FTSE 100 broke through support at 4300 — only to form a narrow consolidation above 4200. Downward breakout would confirm a down-swing to test primary support at 3500. Bearish divergence on Twiggs Money Flow (both 21-Day and 13-Week) indicates strong selling pressure. Reversal above 4500 is most unlikely, but would test primary resistance at 4650.

[setravis]

United Kingdom: FTSE
FTSE 100 recovery above 4350 indicates that the correction has ended. Breakout above 4500 would signal a primary up-trend, the initial advance offering a target of 4900. Twiggs Money Flow (21-Day), however, remains below zero, indicating the absence of buying support. Respect of 4500 is therefore more likely. And reversal below 4100 would test primary support at 3500 .

[setravis]

UK: FTSE 100
An FTSE 100 broke through 4500 to signal a primary advance with a target of 5000*.

* Target calculation: 4500 + ( 4500 - 4000 ) = 5000

[setravis]

United Kingdom: FTSE...
The FTSE 100 remains headed for a test of the former primary support level at 5000. Failure would confirm the primary downtrend. Twiggs Money Flow (13-week) below zero warns of selling pressure.
Target calculation: 4800 - ( 5400 - 4800 ) = 4200

[setravis]

United Kingdom: FTSE...

The FTSE 100 broke through resistance at 5400, signaling a primary advance to test the April high of 5800. 63-day Twiggs Momentum breakout above zero strengthens the signal. Twiggs Money Flow (13-week) recovery above zero would indicate buying pressure.

Target calculation: 5400 + ( 5400 - 5100 ) = 5700

[setravis]

United Kingdom: FTSE...

The FTSE 100 is advancing to test the April high of 5800, but expect another retracement to test the new support level at 5400. Rising 63-day Twiggs Momentum indicates an up-trend. Twiggs Money Flow (13-week) recovery above zero strengthens the signal.

Target calculation: 5400 + ( 5400 - 5100 ) = 5700

[setravis]

United Kingdom: FTSE...
The FTSE 100 is retracing to test the new support level at 5400. Respect would confirm the advance to 5800*. Bearish divergence on Twiggs Money Flow (13-week), however, warns of a reversal.

Target calculation: 5400 + ( 5400 - 5100 ) = 5700

[setravis]

United Kingdom: FTSE...
The FTSE 100 is advancing to the April high of 5800*. Bearish divergence on Twiggs Money Flow (13-week), however, continues to warn of weakness.

Target calculation: 5400 + ( 5400 - 5100 ) = 5700

[setravis]

United Kingdom: FTSE...
The FTSE 100 is headed for a test of its April high at 5850*. Breakout would offer a long-term target of the 2007 high at 6750*. Bearish divergence on Twiggs Money Flow (21-day), however, warns of medium-term selling pressure.

* Target calculation: 5800 + ( 5800 - 4800 ) = 6800

[setravis]

United Kingdom: FTSE 100

United Kingdom...
The FTSE 100 respected support at 5900, but bearish divergence on 21-day Twiggs Momentum warns of another correction. The primary up-trend offers a target of the 2007 high at 6750*. Failure of support at 5500 is most unlikely, but would warn of a primary trend reversal.

* Target calculation: 5800 + ( 5800 - 4800 ) = 6800

[setravis]

United Kingdom: FTSE 100...

The FTSE 100 index is holding above its new support level at 5850, while Twiggs Money Flow recovered above zero. Breakout above 6050 would indicate an advance to the 2007 high at 6750*. Failure of the new support level, however, would test primary support at 5500.

* Target calculation: 5800 + ( 5800 - 4800 ) = 6800

[setravis]

United Kingdom: FTSE 100...

The FTSE 100 index respected its new support level at 5850, signaling a fresh advance, while Twiggs Money Flow continues to recover. Follow-through above 6050 would confirm an advance to the 2007 high at 6750*.

* Target calculation: 5800 + ( 5800 - 4800 ) = 6800