UK Recession - Has it already begun??? - FOOTSIE100
I don't usually do this, but I wanted to start tracking the footsie100. I am going to keep it short and sweet for now because I don't want to get assassinated by the UK government LOL.
From where I stand, the recession is in full swing. Look at the first cross of the 30-day VWMA over the 90-day VWMA on the 31st August and look at the potential cross again at our present day. At our highest price of the year on 23rd April, you can see this is a lower high. With the VWMA forming what could be another cross I don't know how there is going to be an improvement to the current outlook.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
Remember indicies are a collection of many stocks. If this index hits lower prices, share values will decrease, and companies will be struggling to raise capital from our sources.
let me know your thoughts on this one
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
From where I stand, the recession is in full swing. Look at the first cross of the 30-day VWMA over the 90-day VWMA on the 31st August and look at the potential cross again at our present day. At our highest price of the year on 23rd April, you can see this is a lower high. With the VWMA forming what could be another cross I don't know how there is going to be an improvement to the current outlook.
You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation.
IONIC Capital Telegram
Plus, check out the blog, remember to like this post and follow me on Tradingview.
LITTLE BIG MOVEMENT LATEST BLOG
Remember indicies are a collection of many stocks. If this index hits lower prices, share values will decrease, and companies will be struggling to raise capital from our sources.
let me know your thoughts on this one
"Patience is the key to any market" - Nathaniel.
Thank you for your love and support.
Regards
Nathaniel - "The value Trader"
Little Big Movement / IONIC Capital
