Thursday 9 April 2020

FTSE100: Next key resistance level to test: 5880, then 6296, top end cloud chart resistance!

FTSE100: Next key resistance level to test: 5880, then 6296, top end cloud chart resistance!

FTSE100 bear market relief rally underway with the cloud chart base line of 580 the next key resistance zone to test. If the FTSE can blast past this resistance, the next key level to watch is the top end of the cloud chart level 6296!
 


Currently the relief rally is under way, but we are still trading in bear market territory since price action is below the cloud!




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