Wednesday 1 August 2018

FTSE 100: Back above the cloud, but need to find support!

FTSE 100: Back above the cloud, but need to find support!

FTSE 100 managed to break past cloud chart resistance, but did not get past old resistance zone of 7792! Currently consolidating and in the process of testing top end cloud level for support.
Looking at the price action to see if support will come in at 7680/7708 zones!
Index is up 150 points since a MACD buy signal and a rebound from cloud support at bottom end of the cloud!

Critical week ahead!


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