October 2021

FTSE Oct 16 2021

FTSE 100 Forecast Update October 16 2021

The FTSE 100 Index hit our initial (and cancelled) short entry zone on Friday. We cancelled this before the zone was hit because we felt (and still feel) that the FTSE has some potential left in it – along with the SPX. Further growth in the FTSE could take us to a medium term top (our THICK RED LINE) which mathematically makes sense to us from both a level and… Read More »FTSE 100 Forecast Update October 16 2021

Gold-October-14-2021

Gold Forecast Update October 14 2021

Gold provided an excellent example last night as to why you need discipline when you are trading. It is outside of our short entry zone (from a timing perspective) and it has breached 2 key trend lines which have some nice headroom above them. We should therefore NOT maintain short positions and certainly NOT add to short positions. The likely scenario is that gold will attempt to hit a higher… Read More »Gold Forecast Update October 14 2021

SPX-October-14-2021

SPX Forecast Update October 14 2021

To lock in profits we closed our short on the SPX yesterday. The reason we have done this is that we strongly believe that the S&P will make another stab at our unconfirmed trend line which was 60 points to the upside at the time of closing. We also believe that there is a strong possibility that money will, once again get “sucked into” the Index and push it to… Read More »SPX Forecast Update October 14 2021

FTSE Oct 14 2021

FTSE 100 new “high” looking more probable

A new high for 2021 (NOT AN ALL TIME HIGH) is looking more probable for the FTSE 100. Yesterday’s actions, in particular a good break through our unconfirmed trend line, has brought our “scenario A” and BIG RED LINE back into play. In the next few sessions we need to see whether the FTSE attempts circa 7250 and our “dotted red line”. This is an important “support” trend and we… Read More »FTSE 100 new “high” looking more probable

SPX October 13 2021 update 2

S&P 500 Index Forecast Update October 13 2021

The S&P 500 Index has fallen by 100 points since hitting our short entry zone and is now attempting to recover. Our next entry zone is a long entry zone later in the month and a substantial distance away from where we are now – we need a fall of another 250 points before considering a low risk long. Things may (and often do) change in the meantime so it’s… Read More »S&P 500 Index Forecast Update October 13 2021

FTSE Oct 12 2021

FTSE 100 Index Forecast Update October 12 2021

The next low risk entry zone we currently have for the FTSE 100 is a long entry zone which we have moved out slightly (and narrowed the zone) towards the end of October. Providing the FTSE remains below the current confirmed trend line this week (which should be used for stops on shorts) this forecast will remain valid. Disclaimer The content on this site including products sold in our store… Read More »FTSE 100 Index Forecast Update October 12 2021

FTSE October 11 2021 Forecast

FTSE 100 Index Forecast Update October 11 2021

The FTSE 100 Index is currently in the middle of our short entry zone (which expires today). We’d expect the market to turn down in the coming days if our forecast is to hold true. Concern things are going wrong would be a significant breach of 7154 (today) as this could lead to 7180 then 7240. Disclaimer The content on this site including products sold in our store and our… Read More »FTSE 100 Index Forecast Update October 11 2021

FTSE Oct 08 2021

FTSE 100 Index Forecast Update October 8 2021

Yesterday we tweeted a short opportunity on the FTSE 100 and it has hit that zone again today at 7103. With resistance up to just above 7150 and our next entry zone, which is long at around 6700 (or below) this is the best reward/ risk ratio we are likely to get on the FTSE 100 for some time. As always there is no guarantee this will be a successful… Read More »FTSE 100 Index Forecast Update October 8 2021

SPX October 07 2021

SPX 500 Index Forecast Update October 7 2021

The SPX 500 Index is getting very close to our next short entry zone. Ideally we would like to see the S&P tap and confirm our trend line at around 4450 before making new lows and heading towards our “first” long entry zone. 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 medium… Read More »SPX 500 Index Forecast Update October 7 2021

Gold-October-7-2021

Gold Forecast Update October 7 2021

Gold appears to be running out of steam as expected – but at a slightly lower level than we calculated. The timing for our short entry remains unchanged (that is between now and next Tuesday) but we feel that low (ish) risk shorts can be built between current levels and 1800 – although we would personally prefer a quick pop up to, and rejection of, our green trend line at… Read More »Gold Forecast Update October 7 2021