The FTSE 100 Index may tumble another 17 percent if the benchmark gauge for U.K. equities closes below a key support level at 5,010, according to a technical analyst at Charles Stanley & Co. “We are now at an important crossroads with the FTSE sitting on or at least very near to support,” John Fletcher, head of exchange traded products and a technical analyst at Charles Stanley in London, said by phone today. Should the index close below 5,010, the Tom DeMark Propulsion Momentum Target indicates the gauge may slide toward the 4,187 level, which is known as the TD Propulsion Down Exhaustion, he said.
Real Vision Academy : DeMARK Indicators
In early 2022, Raoul Pal and the team at Real Vision sat down with Tom DeMark (Founder and CEO of DeMARK®) to discuss his career,
Dec 22, 2022
