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Shorting FTSE 100: Steve O'Hare
Steve O'Hare of First4trading is shorting the FTSE 100. He expects the index to continue lower towards the previous support at 6075 and is looking to sell with a stop above 6435 and a target at 6075.
Looking at the weekly chart O'Hare says that the price action is stalling in front of the ichimoku cloud resistance near the 61.8% Fibonacci retracement and that momentum is stalling as selling interest has re-emerged.
FULL DISCLAIMER
NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:37 minutes
Tags: ftse, ftse 100, ftse 100 index, ftse index, ftse index 100, ftse100, saxo tv, saxo tv tradingfloor.com, saxotradergo, steve ohare first 4 trading, tradingfloor.com, tradingfloor.com saxo tv
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