FTSE 100: What the future holds for 2020 | Summary and Q&A

TL;DR

The FTSE may experience a bear market next year, while stock indexes like the German DAX show signs of imminent reversal. Ripple, a minor cryptocurrency, has seen a significant decline in value but may be indicating a potential turnaround.

Key Insights

• 🥺 The FTSE experienced a textbook reversal pattern in 2016, but has since been stagnant, leading to predictions of a bear market next year.
• 🫰 The German DAX index is showing signs of reversal, with tramline patterns and momentum divergence suggesting an imminent turnaround.
• 😘 Ripple cryptocurrency has seen a significant decline in value, but indicators such as tramline patterns and a major low point towards a potential turnaround.
• 🎏 Investors have different perspectives on the FTSE's performance, with some suggesting it is undervalued compared to US markets, while others believe it is lagging behind for a reason.
• 🫰 The US markets are considered by some to be overvalued, adding to the uncertainty surrounding the performance of various stock indexes.
• ⌛ The FTSE may experience a significant reversal around this time of the year, potentially extending into January.
• 🤨 Ripple's poor performance raises concerns about its investment potential, but recent indicators suggest a potential rally in the new year.

Transcript

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Questions & Answers

Q: What is the current state of the FTSE?

The FTSE has been stagnant since May, causing some investors to believe that it may be heading towards a bear market next year.

Q: How does the German DAX index indicate an upcoming reversal?

The German DAX index is displaying tramline patterns and momentum divergence, which are typically seen as indicators of an imminent reversal.

Q: What has been the performance of Ripple cryptocurrency?

Ripple has experienced a significant decline in value, losing 95% since its high of $320 in 2018. This makes it a poor investment choice for most people.

Q: Is there potential for a turnaround in Ripple?

Yes, there are signs of a potential turnaround in Ripple, with tramline patterns and a major low indicating a solid rally phase in the new year.

Summary & Key Takeaways

• The FTSE experienced a textbook Head & Shoulders reversal in 2016, leading to a solid bull trend. However, since May, it has been stagnant, leading to predictions of a bear market next year.

• The German DAX index is showing signs of reversal, with tramline patterns and momentum divergence indicating a swift turnaround.

• Ripple, a minor cryptocurrency, has lost 95% of its value but is displaying signs of a potential turnaround, with tramline patterns and a major low suggesting a solid rally in the new year.