FTSE update

FTSE: Last updated 11/06/2018.

Would count best, with a bit deeper retrace for wave-b and then a c = 1.618x a blast off to the ideal wave-b target shown (already last week) before wave-c takes hold into early 2019.


Below is the big picture count for the FTSE since the 2009 low. Fails to provide us with a clean five waves up, looks like a large diagonal, and yes it could drop to the lower blue trend line and then rally one more time to new ATHs, but  for now we are looking longer term lower, not higher. Price is below its 200d SMA: bear market. Simple!

FTSE big picture