Courtesy of Chris Kimble.
Four months ago the world seemed scared that the Brexit vote would be negative for Europe and potentially around the world. Four months later, almost the polar opposite deserves discussion.
Below updates the FTSE -100 Index on a monthly basis over the past few decades.
CLICK ON CHART TO ENLARGE
FTSE Index is now testing a resistance zone for the 4th time in the past 16-years at (1), as well as testing the underside of line (3) at the same time.
Monthly MACD has created a series of lower highs since the year 2000. At this time Monthly MACD is making an attempting to turn high, just below falling resistance at (2).
What the FTSE 100 does with the 4th resistance attempt is very important for the index, Europe and the broad markets in the states!!!
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