FTSE 100 Key Levels

05/22/2012

Cash prices

6th resistance	5755	Previous resistance line
5th resistance	5603	61.8% Fib retracement
4th resistance	5554	200-day moving average
3rd resistance	5429	55-90min moving average
2nd resistance	5400	Previous support line
1st resistance	5324	Yesterday's high
1st support	5268	78.6% Fib retracement
2nd support	5254	Yesterday's low
3rd support	5235	Elliott wave target
4th support	5170	Previous resistance line

If you are short:

1st resistance at 5324 (yesterday's high). Weak stop loss above that level.

2nd resistance at 5400 (previous support line). Fair stop loss above that level.

3rd resistance at 5429 (55-90min moving average). Strong stop loss above that level.

If you are long:

1st support at 5254 (yesterday's low). Weak stop loss below that level.

2nd support at 5235 (Elliott wave target). Fair stop loss below that level.

3rd support at 5170 (previous resistance line). Strong stop loss below that level.

Posted by Better Trader on 05/22/2012 at 08:01 AM in FTSE 100, Key Levels, Stop Losses | Permalink

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Better Trader

05/22/2012