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OPINION

Trump trades blows

Trump trades blows
April 25, 2017
Trump trades blows

FTSE 100

Soaring in line with euphoria everywhere else and the media bleating that the FTSE 250 hit a new record high. If nothing else price action over the last four working days tells you that volatility is up a good notch. Seeing we have corrected half of the previous decline, and that we are hovering at the neckline of a head and shoulders top, we are watching for signs of failure here.

SHORT TERM TRADER: New small short at 7265; stop above 7350. First target 7100.

POSITION TAKER: Small short at 7300; stop above 7350. Target 6650.

SUPPORTRESISTANCE
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