FTSE for Friday: blue-chip index risks ending August with a whimper
Independent analyst Alistair Strang examines bearish and bullish scenarios for the FTSE 100 index.
28th August 2026 09:05
by Alistair Strang from Trends and Targets
For the FTSE 100, we will not be aghast if the market opts to end the month with a bit of a squeak.
Currently, weakness below 10,770 looks very capable of provoking reversal down to an initial 10,731 points with our secondary, if broken, a considerably less likely 10,679 points.
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Visually, there is nothing currently hinting that this secondary could be viable, especially as it would dump the UK index in a zone where the big picture is presenting a long-term bottom at 10,413 as possible, this being a target which does make some visual sense.
If this drop triggers, the tightest stop is wide at 10,827 points.
Our alternative, more positive, scenario covers what’s possible if the UK nudges above 10,827 points.
In such a game plan, we can calculate the hope of movement to an initial 10,866 points, with our secondary, if bettered, at 10,964 points along with very probable hesitation.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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