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Thursday, February 4, 2016

Annual Trading Forecast on FTSE 250 (2016)

FTSE 250 stock (FTSE:MCX) has plunged massively while the market remains volatile. The massive plunge has resulted in a bear market, which would hold out for this year.

4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. All the EMAs are now sloping downwards, with the price is below the EMA 10.

Along the way, there would be bullish retracements into the EMAs 20 and 50, but as long as the price is below the EMA 200, the outlook on the market remains bearish.

FTSE 250 is expected to go far and far south in the year 2016.

This forecast is ended by the quote below:

“You can't achieve high returns without high risk. If you see a strategy that has high returns, you should be prepared for high volatility, and be ready to lose money sometimes, too.” – Jan Roozenburg

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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