FTSE 100 Price forecast for the week of March 5, 2018, Technical Analysis

The FTSE 100 initially tried to rally during the week but rolled over as we got going. The market broke down below the 7250 level, reaching down towards the 7100 level. There is a lot of noise between here and 7000, so I think it’s only a matter of time before we should see some type of bounce. However, if we break down to a fresh, new low, the market goes much lower, perhaps reaching towards the 6800 level, and below. It should be noted that stock markets around the world have been struggling, and with the sudden fears of a trade war, any mention how of other countries about raising tariffs on US goods, and that could scare the markets overall as the trade war can wreak havoc on profits.

Ultimately, the “this too shall pass.” However, the next couple of weeks could be somewhat difficult. I’m paying special attention to the 7000 handle though, because it is so important. It should also be noted that the DAX and other stock indices are currently testing significant support as well, so it’ll be an interesting couple of weeks. If we get a bounce, this could be a nice value opportunity, but if we break down below somewhere near the 6900 level, it looks very likely that we will fall significantly. One things for sure, things are about to get interesting.

FTSE 100 Video 05.03.18