leading indicator
$UK FTSE100 Index(.FTSE.GB$ historically, the ftse100 is a leading indicator of the us market. so let's take a look at $S&P 500 Index(.SPX.US$ (blue line) compared against ftse100 in orange line. you can observe that ftse100 starts to crash or weaken before spx crashed. the light green line is the lower highs made by ftse100.
ftse100 (pnf) compared with gbpusd (purple line) shows that gbp has to rebound first in order for ftse100 to recover. gbpusd has bounced off its historic low made in 1984.
ftse100 has just bounced off a support at 6900 region. it has bounced off this resistance zone for a couple of times already.
if gbpusd can make a new high, then it is confirmation that ftse100 will rally and thus spx will rally.
automatic investment system
about 70% vested as the market crashes, added more shares at 10% intervals. 30% cash reserves. shifted portfolio to be sgd heavy and light on usd. exchanged usd to sgd in batches as usd gained strength against sgd.
about 70% vested as the market crashes, added more shares at 10% intervals. 30% cash reserves. shifted portfolio to be sgd heavy and light on usd. exchanged usd to sgd in batches as usd gained strength against sgd.
bon courage
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