Technical Analysis

Technical Outlook: S&P 500, FTSE 100, FTSE MIB

Fairness Evaluation and Information

S&P 500 | Trendline Breach as Fed Caves

FTSE 100 | Pivotal 7000 Degree Breached

FTSE MIB | Key Resistance Holds Agency, Eyes on Pivotal Help

Searching for a elementary perspective on Fairness? Take a look at the Weekly Fairness Elementary Forecast.

S&P 500 | Trendline Breach as Fed Caves

S&P 500 made the breach above the descending trendline from the report excessive after the Fed caved into the market. Nonetheless, the 2700 degree, which coincides with the 61.Eight% Fibo has curbed additional upside for now. A breakout may see 2800 examined, though given the slight damaging RSI divergence, latest upside is susceptible to slight pullbacks.

S&P 500 Worth Chart: Each day Time Body (Jul 2018 – Jan 2019)


FTSE 100 | Pivotal 7000 Degree Breached

Gains within the FTSE 100 appears to be like to have slowed after reaching the pivotal 7000 degree. Earlier makes an attempt to consolidate above 7000 had been rejected, nevertheless, given the break above the descending trendline and supplied there’s a weekly shut above 7000, momentum may very well be in the direction of additional upside. Topside resistance located at 7140.

FTSE 100 Worth Chart: Each day Time Body (Jun 2018 – Feb 2019)


FTSE MIB | Key Resistance Holds Agency, Eyes on Pivotal Help

The FTSE MIB retraces positive factors following the rejection on the October 17th. Alongside this, as had been highlighted final week, the every day RSI continues to point out a damaging divergence, which in flip will increase the scope for a extra pronounced pullback with eyes again on 19270, previous to a possible take a look at of 19000. Little indicators of progress within the Italian financial system after the nation entered a technical recession, which can re-ignite the deficit goal debate.

FTSE MIB Worth Chart: Each day Time Body (Sep 2018 – Feb 2019)



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— Written by Justin McQueen, Market Analyst

To contact Justin, electronic mail him at

Comply with Justin on Twitter @JMcQueenFX

Different Weekly Technical Forecast:

AUD Forecast – AUD/USD and AUD/JPY Could Prolong Climbs as AUD/CAD Holds its Floor

NZD Forecast – NZDUSD Rally Could Stall at Resistance, NZDCAD to Check Help

Oil Forecast – Sharp Rebound Meets Inflection Level

British Pound Forecast – Charts Ranges Stay Intact

US Greenback Forecast – Greenback Avoids Important Breakdown, However for How Lengthy?

Gold Forecast – Rally Eyes Resistance at Eight-Month Highs

Euro Forecast –Ranges to Watch Excessive & Low

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