Our outlook for the FTSE 100 at 3rd November 2021 now only has one scenario in play. Timing has eliminated scenario “A” and unless something “out of the blue” happens (which it might) then it’s highly likely that the FTSE 100 will hit our thick red line before the year is out.
From a “timing perspective” we believe that the closer this “hit” is to the end of the year the better the prospect is for a medium term top being in place which would mean a good opportunity for a low risk short on the FTSE 100 Index.
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