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 March 27, 2017, Technical Analysis
FTSE 100 Forecast March 27, 2017, Technical Analysis
European Shares Edges Lower Despite Robust PMI Reports