FTSE 100 (UKX) Heads Up For the 3rd Day In A Row, Breaks Above 50 Day Average; in a Downtrend Over Past 90 Days

FTSE 100 Daily Price Recap

FTSE 100 is up 2.63% ($156.75) since the previous day, marking the 3rd day in a row it has gone up. Relative to other instruments in the 8 major global equity indices asset class, FTSE 100 ranked 3rd since the previous day in terms of percentage price change. Below is a daily price chart of FTSE 100.

FTSE 100 Technical Analysis

Notably, FTSE 100 crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For another vantage point, consider that FTSE 100’s price has gone up 9 of the previous 14 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about FTSE 100:

  • From martinthebrave:

    “FTSE 100 ended the day up 156 points at 6,115 – its highest close since March 6. The index has gained more than 1,000 points from its trough of 4,993 on March 23, meaning the FTSE officially moved into a bull market – a rise of 20% or more.” Weirdest Bull Market I have known.🤪

  • From altrinchamhq:

    What am I up to today folks …- Training a FTSE 100 company on all things social media – a 2nd booking after recent work with them- Prepping for tomorrows training session with a local #altrincham business – training 20+ people in LinkedInWhat are you doing?

  • From truemagic68:

    Danny Kaye will be smiling from under the daisies – FTSE 100 – 5,952.28 +105.49 (1.80%) at 1.33pm – Being a pensioner I am thrilled, but Walter Mitty would have loved this script!

In terms of news links for FTSE 100 here’s one to try:

Coronavirus UK: FTSE 100 opens flat on 5,846 points as oil prices continue to plunge | Daily Mail Online

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