Where are we now
Posted: March 28th, 2020, 5:47 pm
This is an elementary effort to sort out my thinking as to where we are now. FTSE 100 with (simple) daily moving averages, RSI and MACD below he graph. I'll really appreciate comments. It's an amateur's take - do your own research!
Chart 1: One year, daily, 20, 50, 200 d.m.a.s. https://bigcharts.marketwatch.com/advch ... e&state=11 Some would note the 'dead cross' (only telling us after the event). But the index has just hit the declining 20 d.m.a. - Monday will tell us if this is resistance?
Chart 2: Five years, daily, 50 and 200 d.m.a.s https://bigcharts.marketwatch.com/advch ... e&state=11 The current level is rising to approximately the level of the March 2016 low.
Chart 3: Ten years, weekly, 50 and 200 d.m.a.s https://bigcharts.marketwatch.com/advch ... e&state=11 The weekly 50 d.m.a. is crossing down below the 200 d.m.a. Bearish?
No time to comment - really! OH reckons enough time spent online. Time for a glass of wine, and then supper beckons...
ATB - and stay safe
Jon
Chart 1: One year, daily, 20, 50, 200 d.m.a.s. https://bigcharts.marketwatch.com/advch ... e&state=11 Some would note the 'dead cross' (only telling us after the event). But the index has just hit the declining 20 d.m.a. - Monday will tell us if this is resistance?
Chart 2: Five years, daily, 50 and 200 d.m.a.s https://bigcharts.marketwatch.com/advch ... e&state=11 The current level is rising to approximately the level of the March 2016 low.
Chart 3: Ten years, weekly, 50 and 200 d.m.a.s https://bigcharts.marketwatch.com/advch ... e&state=11 The weekly 50 d.m.a. is crossing down below the 200 d.m.a. Bearish?
No time to comment - really! OH reckons enough time spent online. Time for a glass of wine, and then supper beckons...
ATB - and stay safe
Jon