Our FTSE 100 outlook shows the FTSE Index moving in line with our short term forecast. Looking at the forecast trajectory on our FTSE 100 chart below you’d be forgiven for asking why we are not long on the FTSE. The answer is simple. Our forecast trajectory is merely an approximation. This stock index can move in a number of ways up to our short entry zone and there is still a good possibility that the FTSE may fall further.
The current trend support line is not particularly strong – in fact it’s not a “confirmed” trend line for us.
If the FTSE 100 were to fall to between 7150 and 7200 today or Monday then we would be very interested in taking a low risk/ high reward long on the Index.
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