Gold has well and truly fell through the developing channel. Extremely difficult to determine which way this commodity is going which is why we have two “question mark zones” on today’s chart. If it moves into either one next week we’ll be looking at the reaction very carefully to hopefully come up with our next low risk entry zone. Disclaimer The content on this site including products sold in our… Read More »Gold Forecast Update October 29 2021
Both scenarios are still in play on the FTSE 100 but time is running out for “A”. This index is in a very tricky position and it’s certainly not the time to enter a new trade. There is still some buying interest with today’s low being bought up very quickly – if it revisits that low and falls further then “A” is off the table. Disclaimer The content on this… Read More »FTSE 100 Index Update October 29 2021
Brent Oil is falling nicely away from our short entry zone. Anyone who took this trade should place stops at the high – which is right at the bottom end of the short entry zone – so no excuses for losses. Difficult to say how far to let this one run but we do have a long entry zone well below current levels between mid November and early December. As… Read More »Brent Crude Oil Forecast October 28 2021
Gold is still moving within the developing upwards channel towards out “question mark zone”. Continued sideways movement will give gold a good chance of hitting our short entry zone in the next few weeks. Now is NOT the time to enter a new position. Disclaimer The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest, Linkedin and any other site or… Read More »Gold Forecast Update October 27 2021
It’s certainly not clear which way the FTSE 100 will go first. Our forecast is essentially the same but we can see 2 alternative routes for the FTSE to hit our “thick red line”. There is certainly no indication from any Index that a major correction is on it’s way but there is also little inclination for a final pop upwards. The UK budget has done nothing to change our… Read More »FTSE 100 Forecast Update October 27 2021
The SPX Index has hit the upper edge of our unconfirmed trend line and it now “wedged” between it and our confirmed trend line. Should the S&P 500 fall below the confirmed trend line we believe this is a good opportunity to go long as “long” as the Index remains in the “potential” channel. We are now in a position to modify our short entry zone – levels and timings.… Read More »SPX Index Forecast update October 27 2021
The S&P 500 is back in it’s channel which it began to establish in May 2020. Whilst there is no guarantee it has regained this channel there is certainly a lot of head room for it to make an attempt at our short entry zone which begins less than 100 points away from current levels. Disclaimer The content on this site including products sold in our store and our posts… Read More »SPX Index Forecast Update October 26 2021
The FTSE 100 Index is now 100 points up against our long entry zone. More importantly it’s getting close to our short entry zone – both in price and time. Our “dotted red line” has now come into play. This has been on our charts since April (not many people will have this line). It’s not really a “trend line” but it’s what we call a “reaction line”. It hit… Read More »FTSE 100 Forecast Update October 26 2021
Gold continues to build support and certainly looks like it is on the way up to our “question mark zone” – that’s the good news. Bad news is that its simply impossible to work out where it will go next until we see how it reacts in that zone (providing it gets there). Those who went long at our long entry zone should ensure they have stops in place to… Read More »Gold Forecast Update October 25 2021
There is still no clear direction on the S&P. It is hugging our “confirmed” upwards trend line but the Index could move either way from here. Similar to the FTSE 100 we would like to see this Index move quickly up to our short entry zone (which we have slightly narrowed) otherwise we may get a small retracement before making another high before the end of the year. The situation… Read More »SPX Index Forecast Update October 25 2021