FTSE for Friday: is a calamity due?
After a poor week for the FTSE 100, independent analyst Alistair Strang seeks clues as to how it might end.
23rd October 2026 07:34
by Alistair Strang from Trends and Targets
It seems to be the case that the FTSE 100 is still working on the basis that a calamity is due. But we shall not be surprised if the USA does something this coming weekend, perhaps an effort to reduce oil prices due to mid-term elections coming up in a few weeks.
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From a fairly near-term perspective, the FTSE has some reversal potentials. Currently, below 10,659 threatens to trigger reversal to an initial 10,556 with our secondary, if broken, at 10,445 points.
We are now being reminded by our software that this secondary risks being too ambitious, as a bounce around 10,495 is allegedly possible. Visually, such a number makes little sense but this scenario has a reasonable overall stop-loss figure at 10,710 points.
In the event the stock market intends to provide a great day, our inclination is to regard movement above 10,775 points as capable of triggering a rise to an initial 10,871 points with our secondary, if beaten, at 10,933 points. This, once again, would take the UK index into a zone where closure above 10,908 points again becomes possible, potentially triggering a great end to the year. We can hope.
Have a good weekend.
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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