Looking back at last big falls for the data we have access too, Not a major sample size, But seems around 50% falls based on last 2 big sell offs in 2000 and 2008. We're currently at 40%, And at a point that bounced in the past. This has been a considerably faster fall too, will it be bigger, smaller?? We are all waiting?
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The FTSE 100 in dollar terms
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FTSE 250 also at important zone
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As is the all share index
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On the Hourly, The Ftse100 is starting to look much more constructive, higher lows on rsi and price. Let's see if a base starts to form.
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The UK market follows the S&P pretty closely, Which to is at an important level based of fibs and previous test in 2018. If this doesn't hold could get busy to south side
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US and UK markets showing some promise, But hanging back for more confirmation
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Important level to hold, with only 2% of stocks in the FTSE100 index above 200MA could be tricky to hold. Watching as always
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S&P and FTSE ripped up a huge amount today, But S&P hit a point on anchored Vwap, If we get through this overhead supply its a strong vote for the bulls
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Here's the view from the FTSE itself. Also some overhead to get through before we can call it bullish
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Gold the often risk off asset is rallying but at a resistance level, Would need to reverse to support idea of equities push up bit
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Does Breadth % of stocks above 200MA support the surge up?