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.
Market Snapshot – Focus on the Dollar and the Euro
FTSE 100 Index Price Forecast September 21, 2017, Technical Analysis
Market Snapshot – Focus Turns to Fed
Strong UK Retail Sales is Offset by a Weak Agent Report