This week will be key to our forecast on the FTSE 100. The FTSE 100 has bounced off our “dotted red line” pre opening at a similar level to Friday – which infers there is some buying at this level. However it is moving in a relatively narrow range and we are wondering whether we’ll see a downwards move begin if the FTSE gets up to around 7190 (note: 7178 seems to be a sticking point at the moment) – impossible to call and it would certainly be a mistake to add to any positions at this point.
Please Donate to help keep our analysis FREE
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 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.