FTSE and DAX today’s ratio levels, table and comment

FTSE and DAX Ratio Table 28th Nov 2017

The FTSE never looked comfortable being above its zone but one has to give it 10 out of 10 for trying.

It tested the upper boundary very first thing then went on to test it on two further occasions before it eventually broke, and Monday was also the third day in a row it had been trying to break back down.

However, there was a huge degree of synchronicity across the markets yesterday as at 16:10 GMT exactly both these two EU benchmarks took on their respective upper boundaries while the SPX fought with R2 at 2605 and the DJX with R2 at 23600.

Range:            7300  to  7400 

Activity:          Very poor

Type:              On balance just bearish

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In yet another coincidence we are so fond of the DAX managed to finish literally dead centre of its zone.

However, it’s path was different from London’s as here they started below the upper boundary, recovered strongly, hit the day’s high (13117), came back to test 13050 again, shallower recovery and then on the second visit broke below it and the rest of the afternoon was about 2 failed attempts to break back above.

Basically, the whole day revolved around their zones upper boundary.

Little change in the ratios today and hopefully it has learnt its lesson and stays happily inside its NZ today.

Range:            12950  to  13050

Activity:          Very poor

Type:              Bearish

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