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FTSE Forecast August 28, 2015, Technical Analysis

Christopher Lewis
ftse

The FTSE as you can see had a very strong session on Thursday, breaking well above the 6000 handle. With this, we feel that the market should continue to go higher and on a break above the top of the range for the day we are very comfortable going long. On the other hand, pullbacks should offer value that we can take advantage of as well. We have no interest whatsoever in selling, and believe that the FTSE will continue to go higher given enough time. The area just below looks very supportive, so we feel that we are in the process of turning the trend back around.


 

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