Short-term rebound in Gilts, Double top on S&P500 – Think Trading
Oct 18, 2016, 12:15 PM
Paul Rodriguez, Director at Think Trading discusses broader market fundamentals followed by technical charts for Britvic, BSKY, Ferroexpo, GreeneKing, Kingston, Gilts, RBOS & S&P500. He is joined by Alan Green, CEO of Brand Communications and Tip TV’s Zak Mir.
Key points
Britvic – Falling tops formation
FerroExpo – 121 is a key resistance
Gilts – Dip demand seen... short-term up move likely. 123.00 is the fllor, breach of which would be a major blow for bond bulls S&P 500 – Double top formation, strong support around 2110-2120