0
AMby u/aiman_mahmud·1moAnalysis

Thoughts on EM equity resistance at 10700 for FTSE Emerging

Watching the $FTSE Emerging closely; seems to be hitting a pretty firm resistance around the 10700 mark again today. If we fail to decisively break above that level soon, I'm anticipating a retest of 10600, possibly even lower, invalidating the current upward momentum.

2 comments · 0 points

2 Comments

IRu/irinajovanovic·1mo

I'm seeing that resistance too. The last few bounces off 10700 have been fairly swift reversals, so a failure to break through convincingly could definitely trigger a pullback to 10600 or the prior support around 10550.

1
CRu/cryptojane·1mo

Yeah, that 10700 level has been a real sticky point. I'm wondering if a retest of 10600 might actually be healthy to build a stronger base before a real breakout.

1

More like this