The FTSE 100 continues to be one of the strongest markets I follow, as we have broken above the 7250 handle. This is predicated upon higher export levels, due to the soft British pound. At this moment, I have no interest in selling this market and believe that the 7125 level below is the “floor” in the FTSE 100. I think pullbacks offer value that you can take advantage of and we will eventually try to reach towards the 7500 level. The market is a bit overextended, so I prefer those pullbacks more than anything else.
FTSE 100 forecast for the week of January 23, 2017, Technical Analysis
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