Another good start to the day in terms of our forecast with the FTSE 100 now over 130 points down against the recent high. Whilst the timing is in line with the forecast we ideally want to see the FTSE much closer to our first long entry point to reduce risk on new long positions.
The current trend support line is very interesting as it has shown very good support in the past – a breach of 7060 (currently) will certainly increase our confidence of our target zone being hit.
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.