#NQ100 weekly
Technical observation
Since it bounced within the zone 13348.1-13106.6, #NQ100 has been trading with an increasing bullish bias and as long as it is sustained above the zone I have mentioned above I expect a further surge towards the resistance level 16597.5 followed by either a clear breakout above it with a big green candle, or a rejection at it followed by another correction to the zone 13348.1-13106.6. My advice, if you are currently holding bullish positions with the commodity above, remain in the trade with your take profit at 16597.5 and stop-loss at 12184.5. Bearish positions can only be recommended below the zone 13348.1-13106.6.
Trade recommendation
Remain long with your take profit at 16597.5
Technical observation
Last week #SP500 rose with a big green candle as I has I predicted and this week I expect a further surge to the resistance level 4785.2. If you picked long positions within the supportive zone 4284.7-4229.1, remain in the trade with your take profit at 4785.2 and stop-loss at 3972.2. On the weekly chart above as long as the value of #SP500 is sustained above the zone mentioned above I can only recommend bullish positions, however, in case of a clear breakout below the same zone with a big red candle, I expect the value of this company’s shares to plummet towards the supportive level 3657.9 after a pullback to the broken zone.
Trade recommendation
Remain long with your take profit at 4785.2.
#FTSE100 weekly
Technical observation
#FTSE100 has been rallying steadily to the upper side for the past three consecutive weeks and as long as the value of this company’s shares is contained above the supportive zone 6969.1-6896.7, it means it is still within the buyers reach therefore you can anticipate a further momentum to the upper side. If you picked long positions within the zone mentioned above, remain in the trade with your take profit at 7812.7 and stop-loss at 6600.6. In case of a clear breakout above the level 7812.7 with a big green candle, I expect a further surge to the upper side. I can only recommend bearish positions below the zone 6969.1-6896.7.
Trade recommendation
Remain long with your take profit at 7812.7.
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