After the September close FTSE shows negative signs on the monthly, weekly and daily trends which could soon start a bear market. If I am correct other indexes will follow. I believe October to be crucial. Here are the 3 charts for FTSE that makes me do this call. Please click the charts for details.
The monthly chart here shows that from tomorrow the 8 and 21 MA will continue down with the 8 MA below the 21 MA.
The weekly chart with the 8 MA will turn down Monday and stay down for at least 2 weeks.
The daily chart has made five waves on upside with a three waves extension which is the end of the uptrend. The 8 MA will soon cross the falling 34 days MA.
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