monday madness, page-58

I am only using a CMC rep of FTSE here but a few observations.

Just as SP500 showed the Fib ratios working on the move up from June last year in a chart I have posted, here is FTSE from 2003.

You can see the legs stopping and starting from the key ratios.

I doesn't guarantee completion as a further move can adjust the key points to new significant points but is a major consideration for completion.

From a non Fib perspective, FTSE has reverted to "supertrend" indicator and 65 ma on weekly and these are always major support.

Will they once again save the day, maybe, or maybe for a little while.