This wedge pattern says the FTSE is about to spasm violently

Britain's benchmark index, the FTSE 100, has reached a set of crossroads in the charts, says John C Burford.

There's something weird about the FTSE 100 right now.

In all of my years of trading, I've never seen a stronger example of 'resistance' (where a market is unable to rise higher than a specific value) than I'm seeing in the FTSE right now.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.