By Thierry Laduguie | Tuesday 18 August 2015
The FTSE made a new low yesterday, in the process Top 20 Differential dropped below -2.5%, this means there is an increased probability that the FTSE will rally in the short term. When the top 20 Differential is below -2.5% the blue chips are oversold and in this situation they will bounce back. Blue chips seldom stay too low for too long, bargain hunters will move in. But the bounce won’t last because it’s the final leg of the triangle.
Filed under:
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Time left: 13:00:14