It’s gonna be a choppy end to the year and, as our last trade has shown, it’s imperative you manage your risk. Today’s thrust up knocked us out of our short position and demonstrated that the FTSE 100 Index appears to be keen to hit the thick red line. A sharp rejection of the red line could indicate that the FTSE is going to complete a huge triangle which could… Read More »FTSE 100: Manage your risk – choppy end to the year.
The FTSE 100 is tapping our unconfirmed trend line – actually it’s more of a “line of interest” which we calculated a few months ago. The stock index has also broke through an upper unconfirmed trend line and breached a potential downward channel. All of this is occurring at the same time overseas travel restrictions are being enhance in the UK and entertainment is being closed in Europe. Go figure… Read More »FTSE 100 still fighting on – despite Omicron!
We have a key couple of days coming up for the FTSE 100 in determining whether it may make a new low before the year is out. A downwards trend channel is possibly developing on the FTSE 100 Index but the top line needs to be confirmed. We see Monday and Tuesday as being key and if we can get a sharp move up to our short entry zone followed… Read More »Will the FTSE 100 make a new low before the year is out
We have removed our potential long entry zone from our FTSE 100 forecast. The current upwards move looks corrective in nature and has spent most of the last week trapped between 2 confirmed trend lines. If the FTSE 100 can manage to push up out of this range within a week then we believe there could be another short opportunity with up to 400 points available to the downside. If… Read More »FTSE 100 forecast update December 2 2021
Before we look at what will December bring for the FTSE 100 let’s take a look at what happened yesterday. Yesterday the FTSE 100 bounced off and confirmed a trend line. This will likely be a very important support line in the future and is potentially the bottom line of a parallel channel. Those of you who followed us on Twitter will have received live updates on the full life… Read More »What will December bring for the FTSE 100?
Where will the FTSE 100 go next? The FTSE 100 Index has currently found some pre-opening support on our unconfirmed trend line. As a result of this we have exited 50% of our short (see Twitter) and adjusted our stop and limit for the remaining 50%. Today/ tomorrow will be very important for the FTSE Index. If this trend line is “confirmed” then the “?” scenario becomes more likely –… Read More »Where next for the FTSE 100?
The FTSE 100 plummeted out of hours and activated our short entry point at 7262. This is a classic example of keeping a watchful eye on the trend. Shortly after midnight our alerts triggered and it was clear that the FTSE may move below our unconfirmed trend line and may fall below it’s bounce level. As a result we placed a short order at 7262 and posted it on Twitter.… Read More »FTSE 100 Plummets – where to next?
The FTSE 100 is nicely following our forecast but is the FTSE heading for a new high before 2021 is out? Price Firstly looking at price. The FTSE 100 stands at 7303 at the time of writing this blog and the bottom end of our short entry zone is around 7350 – easily achievable. We think this is probably too low to enter a short and would prefer to enter… Read More »Is the FTSE 100 heading for a new 2021 high?
The FTSE 100 needs to show some strength this week if it is to hit the higher levels of our short entry zone. Timing of the current pull back was perfect but the FTSE now needs to get back above the unconfirmed trend line (around 7270 today). The short entry zone is currently very wide and we would like the FTSE 100 to get close to our thick red line… Read More »FTSE 100 Outlook: Forecast Update November 22 2021
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… Read More »FTSE 100 Index Outlook November 19 2021