Fed finally raises rates as expected,
UK stocks is definitely facing resistance of varying degrees ahead
Yesterday, the Fed took courage and acted as anticipated by raising rates 0.25 - In the absence of any curve balls US stocks responded quite positively after making a couple of sharp heads, US indices closed just off the highs of the day, dragging UK100 up with them. UK 100 will continue to up but my gut says it must kiss 6043 / 6024 prior to flying north-pole till 6209 as we've indicated on the chart
UK stocks is definitely facing resistance of varying degrees ahead
Yesterday, the Fed took courage and acted as anticipated by raising rates 0.25 - In the absence of any curve balls US stocks responded quite positively after making a couple of sharp heads, US indices closed just off the highs of the day, dragging UK100 up with them. UK 100 will continue to up but my gut says it must kiss 6043 / 6024 prior to flying north-pole till 6209 as we've indicated on the chart