FTSE 100 Index forecast for the week of August 28, 2017, Technical Analysis

The FTSE 100 rally during the week, testing the highs from the previous week. This is a very bullish sign, and if we can break above the top the candle for the Wii, I think that the market first will go to the 7500 level, and then perhaps breakout. Alternately, a move below the 7300 level would be very negative. If that’s the case, we should then go to the 7200 level, and then eventually the 7100 level. Expect a lot of volatility, this is a market that has a lot of overhang from the negotiations between the United Kingdom and the European Union.

FTSE 100 Video 28.8.17