the Ftse250 chart looks very bullish which is something we should bear in mind before getting sucked too much into the current "fear" in the markets
I will admit I was quite surprised when I viewed this chart
My main conclusion is to be cautious on the downside,despite the bearish tone to markets on the close yesterday.Ftse100 has support just above 7200 and how it reacts there (assuming it is reached) will be important
and the Dax uptrend,defined by the 50 dema is still intact for now
I will admit I was quite surprised when I viewed this chart
My main conclusion is to be cautious on the downside,despite the bearish tone to markets on the close yesterday.Ftse100 has support just above 7200 and how it reacts there (assuming it is reached) will be important
and the Dax uptrend,defined by the 50 dema is still intact for now
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