08 Sep FTSE 4 Hourly MA Resistance – Follow Up.
Updating previous FTSE analysis posted HERE on 5th September, the set-up I’ve been waiting for could be near completion.
I’m day trading FTSE as I type this (Futures), but quite happy to consider holding onto any shorts on a confirmed rejection of price by this 4 hourly 200MA:
Any signs of support from here and I’ll scrap the idea. SPX and DJI (DOW/INDU) are also showing identical set-ups and I may switch trades to one of these 2 Indices as spreads are lower during the UK evening session.
NOTE: Bernanke / Obama speaking tonight could be a market mover