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FTSE 100: 6500 looks like a difficult climb this Christmas

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s FTSE 100 update, we share the technical outlook for the equity index, with Tim Young, Day Trader for Ayondo, along with Nick Batsford, CEO at Tip TV. FTSE 100: Daily chart Young says it was surprising to see the FTSE fall on the back of ECB’s action yesterday. Looking at the technical charts for the FTSE 100, Young notes that the index looks bearish, with the MACD having crossed over and gone red. The RSI is pointing downwards, which further justifies the bearish tone. While the

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