FTSE 100 (UKX) Down $4.86 Over Past 4 Hours, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart

FTSE 100 4 Hour Price Update

Updated June 29, 2020 11:13 PM GMT (07:13 PM EST)

FTSE 100 is down 0.08% (4.86) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Relative to other instruments in the 8 major global equity indices asset class, FTSE 100 ranked 7th since the last 4 hour candle in terms of percentage price change.

FTSE 100 Daily Price Recap

FTSE 100 came into today up 0.2% (12.16) from the open of the previous day, marking the 2nd 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

Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that FTSE 100’s price has gone up 17 of the previous 30 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From winmor1:

    @angiiegatfield @dggler @GKudin So what you’re saying is the fact that FTSE 100 CEOs, high court judges, senior politicians are dominated by middle aged white men, it means they all got there purely on merit and the best people for the job?So the poor representation of women, blacks, etc is just their fault?

  • From cymophobia:

    Almost half the businesses on the FTSE 100 have ZERO black board directors. Stop telling people to not point out that they are black when advertising their business. How can you say you want to lessen this gap, but won’t actively try and support Black businesses?

  • From albz000:

    Whereas, the engineering and construction industry is so underemployed. Tony Pidgley, Chariman of Berkeley homes, FTSE 100 home developer, said with shame that he had 60% of his construction workers from EU, because people here aren’t touching that line of work. It’s a shame.