by Richard

What a fantastic save by the FTSE yesterday, impressed us at least. The low was 7357.77 so no doubt a

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by Richard

We always say that when a ratio drops, as in the SPX’s R1 level yesterday, then the old level can

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by Richard

  First we must say that somehow the low yesterday was 7378.30 which means at some point the FTSE was

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by Richard

  Y2 only held the SPX back for perhaps 20 minutes on Friday, which is as it should be and

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by Richard

  The real problem for the DAX is it went too early and now it has to try and hold

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by Richard

  All very lackluster yesterday and it seems even the SPX was waiting for someone else to make the first

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by Richard

    Last trading day before the rollover starts and the FTSE is safely inside its NZ, which could easily

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by Richard

The move yesterday in the SPX was more like the breakout so we are putting the scare on Tuesday down

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by Richard

As we said all the FTSE needed was a friend, or perhaps fair weather as above 7350 it was clear

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by Richard

The SPX did try to breakout but it seems the decision does still rest with the DJX, please see below.

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