It’s been a difficult year for the FTSE 100 but if you’ve followed us with our live trades on Twitter you will have made 927 points profit over the first nine months. This is a 12.5% return using the December 31 2022 position as a reference point – so certainly better than “staying in cash” and much better than staying invested in the FTSE 100 Index which has fallen by… Read More »FTSE 100 Forecast Update October 2022
Before looking at where we calculate the FTSE 100 is going in the second half of 2022 let’s first take a look at the forecast we prepared in January 2022. Our forecast highlighted 3 key moves A Sharp move down during January/ February towards 7,000. The index fell to 7,225 but then found strong support which propelled it to a new high of 7,688 on the 10th February 2022 –… Read More »FTSE 100 2022 Forecast Update
Last week saw the FTSE 100 turn down in line with our short term forecast. The question is how far will it fall before it finds some support. We see no reason to change our current projection which expects a fall to a least 7250 and we are letting our short run towards this level. The difficulty will then be to try an establish whether this is a safe place… Read More »FTSE 100 turning down
The FTSE 100 has pretty much followed our projection for the first part of January and is now turning down as expected. If we get a strong down day today then we would expect this move to continue for a couple of weeks. This would be in line with our analysis and also with most previous moves on the FTSE 100 where it has ‘popped through’ the upper Bollinger Band.… Read More »Where next for the FTSE 100?
Is the FTSE 100 about to turn or is there still more upside? The FTSE has moved nicely up to our short entry zone and has been sitting within it for 10 days. We are now at the point where the FTSE 100 should move down towards zone (2) within the next 2 sessions to keep the structure of our forecast alive. For this reason we have entered a short… Read More »Is the FTSE 100 about to turn?
It’s that time of year where we present our FTSE 100 forecast for 2022. This year we have produced only 1 scenario but we must stress this is our “balanced view” and we have also modeled significantly more bullish and more bearish scenarios – we will publish these scenarios if certain criteria are met which we will highlight below. In the forecast the “gold dotted line” is the potential path… Read More »FTSE 100 Forecast for 2022
Will we see a Santa Rally on the FTSE 100 – or a Christmas crash! The FTSE 100 is pretty much reacting as expected – it bounced off our previous “question marked zone” (where we made a break even long) and has now crashed back through it – failing to make a new high on the way up. These swings make it very difficult to make low risk/ high reward… Read More »Will we see a Santa Rally on the FTSE 100?
The FTSE 100 clipped the edge of our question mark zone yesterday and came close to our medium term confirmed trend line. Whilst yesterday was the largest down day for a couple of weeks there has been no follow through this morning which gives confidence to our short entry zone being hit later in the month. Nothing more to say today about the FTSE 100 – time to be patient… Read More »FTSE close to key trend support
The FTSE 100 Index is still resting on our unconfirmed trend line and is right in the middle of our “question mark zone” and our next short entry zone, making it far too risky to open a new trade. A move down to the question mark zone will be in line with our most likely scenario but hitting it would be far too risky for a long at this stage… Read More »FTSE 100 Forecast update December 13 2021
The FTSE 100 is currently hovering below our short entry zone. It’s very important NOT to jump into an early short entry as we are of the view that if the FTSE 100 does not tap out thick red line then any correction will be short lived. As we said earlier in the week – it’s going to be a choppy end to the year – so manage your risk… Read More »FTSE 100 Forecast December 9 2021