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FTSE 100 forecast update December 2 2021

FTSE 100 chart December 02 2021

We have removed our potential long entry zone from our FTSE 100 forecast. The current upwards move looks corrective in nature and has spent most of the last week trapped between 2 confirmed trend lines. If the FTSE 100 can manage to push up out of this range within a week then we believe there could be another short opportunity with up to 400 points available to the downside.

If such a move were to happen then this “could” spell significant medium term danger for the FTSE 100 as a breach of the “thick white line” could take the FTSE 100 to much lower levels.

FTSE 100 chart December 02 2021
FTSE 100 chart and forecast December 2 2021

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