FTSE Moves Higher Again, Heading To The Next Target Of 7510/30

• JUNE lastly reaches the goal and robust resistance at 14750/850. Shorts want stops above 14950. We simply held this stage yesterday earlier than a dip to 14780 this morning.
• JUNE made one other push increased however once more there was a pullback into the shut. We now have a collection of candles on the each day chart with lengthy higher wicks, indicating that there’s robust promoting strain on the finish of the day. This may be fairly a damaging sign, however after all doesn’t inform us when the market will flip decrease.

Right this moment’s Evaluation

DAX was lastly testing robust resistance at 14750/850. Shorts want stops above 14950. An in depth above right here tonight is a (stunning) purchase sign concentrating on 15200/220, maybe so far as 15400. Shorts at 14750/850 goal 14600 and minor help at 14550. We should always at the very least pause right here on the draw back. If we proceed decrease search for robust help at 14350/300 for some revenue taking.

FTSE moved increased once more to the subsequent goal of 7510/30 with a excessive for the day simply 11 ticks above. It’s potential that we proceed to crawl increased and in the end attain the February excessive at 7610/30. Nonetheless I really feel the index is operating out of steam. First help at 7470/60, with higher help at 7430/20. A break decrease meets robust help at 7360/40. A bounce from right here appears to be like doubtless, however longs want stops under 7320.

Video Evaluation