From our weekend, and earlier, analysis reviews of the markets you will know that we were concerned that the FTSE 100 and the FTSE 250 ended last week sitting on our long-held support levels at 5100 and 8888 respectively and that these levels have to hold this week if a major downturn is to be avoided.
The important point is that the indices must close on or above these levels come Friday this week. So, there is time to go yet but this morning these levels are being broken and the screens are just a sea of red. That is why we have no confidence in proposing any new buy trades today (and it is a bit too early yet to suggest any short trades as the main trend is still upwards – so far!).
Our analysis indicates that this is a critical week for the market and it would be unwise to try to guess the outcome of this current battle.
as always, stock market is one of the best ways to earn lots of money.-:;