{"id":15312,"date":"2017-05-21T19:09:57","date_gmt":"2017-05-21T23:09:57","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15312"},"modified":"2017-05-21T19:09:57","modified_gmt":"2017-05-21T23:09:57","slug":"footsie-retraces","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/21\/footsie-retraces\/","title":{"rendered":"Footsie retraces"},"content":{"rendered":"<p>The FTSE 100 is retracing to test the new support level at 7400. Respect is likely and would indicate an advance to 7700*. Declining Twiggs Money Flow indicates medium-term selling pressure but the long-term signal remains bullish.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"FTSE 100\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-05-20-ftse.png?w=525&#038;ssl=1\" alt=\"FTSE 100\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target: 7400 + ( 7400 &#8211; 7100 ) = 7700<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FTSE 100 is retracing to test the new support level at 7400. Respect is likely and would indicate an advance to 7700*. Declining Twiggs Money Flow indicates medium-term selling pressure but the long-term signal remains bullish. * Target: 7400 + ( 7400 &#8211; 7100 ) = 7700<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,33],"tags":[1481],"class_list":["post-15312","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-uk-europe-countries-regions","tag-ftse-100"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Footsie retraces - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Footsie retraces - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The FTSE 100 is retracing to test the new support level at 7400. 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Breach would signal a decline to the 2016 low at 1.100. The FTSE 100 advance stalled, signaled by a doji on the weekly chart, with bearish divergence on Twiggs Money Flow indicating medium-term selling pressure. Retracement that respects support at 7400\u2026","rel":"","context":"In &quot;Forex&quot;","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15354,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/26\/footsie-powers-on\/","url_meta":{"origin":15312,"position":1},"title":"Footsie powers on","author":"ColinTwiggs","date":"May 26, 2017","format":false,"excerpt":"Sterling weakened against the Euro, with GBPEUR headed for a test of primary support at 1.135\/1.140. Breach would signal a fresh decline to test the 2016 low at 1.100. The FTSE 100 shrugged this off, advancing towards its medium-term target of 7700*. Rising Twiggs Money Flow indicates long-term buying pressure.\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15419,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/10\/footsie-stalls-sterling-weakens\/","url_meta":{"origin":15312,"position":2},"title":"Footsie stalls, Sterling weakens","author":"ColinTwiggs","date":"June 10, 2017","format":false,"excerpt":"Political uncertainty, with a hung parliament, increased downward pressure on Sterling which is testing primary support at 1.13\/1.14 against the Euro. Breach would signal a test of the 2016 low at 1.10. The FTSE 100 stalled at 7600, with bearish divergence on Twiggs Money Flow indicating medium-term selling pressure. Retracement\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15493,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/23\/footsie-hesitates-as-sterling-tests-support\/","url_meta":{"origin":15312,"position":3},"title":"Footsie hesitates as Sterling tests support","author":"ColinTwiggs","date":"June 23, 2017","format":false,"excerpt":"Brexit uncertainty is likely to continue for an extended period, with Sterling testing primary support at 1.13 against the Euro. Breach would signal a test of the 2016 low at 1.10. The FTSE 100 retraced to test support at 7400, with bearish divergence on Twiggs Money Flow indicating medium-term selling\u2026","rel":"","context":"In &quot;Forex&quot;","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15575,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/07\/footsie-falters\/","url_meta":{"origin":15312,"position":4},"title":"Footsie falters","author":"ColinTwiggs","date":"July 7, 2017","format":false,"excerpt":"Sterling continues to test primary support at 1.13 against the Euro. Twiggs Trend Index peaking below zero warns of selling pressure. Breach of support is likely and would signal a test of the 2016 low at \u20ac1.10. The FTSE 100 breached medium-term support at 7400 and the long-term rising trendline,\u2026","rel":"","context":"In &quot;Forex&quot;","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15154,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/13\/european-advance-continues\/","url_meta":{"origin":15312,"position":5},"title":"European advance continues","author":"ColinTwiggs","date":"April 13, 2017","format":false,"excerpt":"Dow Jones Euro Stoxx 50, reflecting the top 50 stocks in the Euro monetary area, is consolidating in a narrow band below 3500. Rising Twiggs Money Flow indicates strong buying pressure. Breakout above 3500 is likely and would signal another advance. 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