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.
The question is how far down will this index go? There is still no real evidence that a market top is in place and our current calculations show that zone (2) may be too low to run our current short to – so the (ALT) position on the chart below could be the best area to exit any shorts.
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.