I dont often try to predict wider market moves
However, I have been keeping my eye on the FTSE as it seems ripe for a reasonably significant drop.
Volume / Momentum are slowing suggesting the current rally may be running out of steam?
We should see a drop to 6800, and then potentially a further fall to 6600
Personally I dont tend to actually short much at all- rather I just use this analysis to take a little more profit from positions so that if the market does come down significantly, I have cash on hand to go bargain hunting. If I am wrong, I can just get back in without having sustained any significant losses.
However, I have been keeping my eye on the FTSE as it seems ripe for a reasonably significant drop.
Volume / Momentum are slowing suggesting the current rally may be running out of steam?
We should see a drop to 6800, and then potentially a further fall to 6600
Personally I dont tend to actually short much at all- rather I just use this analysis to take a little more profit from positions so that if the market does come down significantly, I have cash on hand to go bargain hunting. If I am wrong, I can just get back in without having sustained any significant losses.