UK 100 Secondary Top Could be in Place – 04/27/23

The 04/23/23 blog “UK 100 at Sell Point? – 04/21/23” noted the UK 100 (UKX) had reached an area of chart resistance.  Since then, the peak at 7,936 has held.  

The daily UKX chart courtesy of Trading View updates the action.

Price has begun to rollover.  The daily RSI has crossed below it’s moving average line.  Daily Stochastic has a bearish lines cross.  Daily MACD is on the verge of a bearish lines cross. 

The UKX could reach the 03/20/23 bottom by mid or late May 2023.

It’s possible the UKX is leading a  worldwide stock market decline.  


Published by Mark Rivest

Independent investment advisor, trader, and writer. Articles have appeared on Technical Analysis of Stocks and Commodities , Advantage,, and Finance Magnates.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: