FTSE 100 Forecast update week ending March 12 2021. All 3 scenarios are very much in play but we have made a slight adjustment to the timing of scenario 2 which aligns more closely with how the current longer term cycle is panning out and other markets include US equities and the GBPUSD relationship.
We have also highlighted that the scenario 3 long is still very much possible. Whilst the drop is 10% from current positions it is nothing which the FTSE has not done before and any move inside the “golden trapezium” can take the FTSE100 to the initial long entry point for scenario 3.
Still, at this late stage we have NO Favorite! Absolutely anything is possible – all we can do is look for low risk entry zones.
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As always our posts are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.