FTSE for Friday: can FTSE 100 avoid another 1,000-point drop?
A recent forecast proved accurate, so independent analyst has rerun his software and come up with a new set of key levels to watch very closely.
27th March 2026 07:49
by Alistair Strang from Trends and Targets
With the FTSE 100 dropping 1,000 points during the past few weeks, we deserve the chance to exhibit our report from last Friday, along with the circled Red bottom at 9,680 points. For one minute on 23 March, the market reached (and broke) our target before recovering by an impressive 400 points. Our drop target was “out” by 0.1%, an impressive error margin.
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The surprising thing about this shoulder dislocation moment while patting ourselves on the back, is the indication the FTSE may actually be back under control, rather than experiencing reaction to the unknown.
It almost feels like the stock markets are acknowledging the chaos in the Middle East is a form of stability. What really surprised us, our sister-in-law has been trapped in Jerusalem during March and informed by the airline a couple of weeks ago it would be around 28th March before she could fly home to Scotland. Her flight landed early today, almost exactly as told, and it begs the question, just how did the airline know?
Source: Trends and Targets. Past performance is not a guide to future performance.
Can we pull a similar stunt to the above again?
We do this fairly often, rarely bothering to back check our results, but when noticing the low of the FTSE 100 while whipping our RI (Real Intelligence) to generate this comment, it rung a distant bell.
Staring hard at the FTSE to try and comprehend if the markets are truly performing in accordance with logic, the immediate question is straightforward. Shall movement above 10,120 generate a market lift to an initial 10,191 points?
If bettered, our secondary calculates at a confident and smug sounding 10,236 points. This secondary level is important as closure at such a point makes a very useful future attraction from 10,511 present a magnetic influence.
Our alternate, and less happy, scenario is quite horrid. There is now a strong suggestion weakness below 9,670 points shall trigger a FTSE visit to 9,528 points. If (when) broken, our secondary calculates at a bottom for the FTSE at 9,363 points and hopefully a proper bounce. To be blunt, unless the FTSE makes it above 10,236 points, we suspect it still faces a drop to 9,363 points.
To paraphrase the ancient cartoon, Stingray, it seems “Anything can happen in the next half month”. We suspect April shall not be terribly happy as the FTSE suggests a further 1,000 point fall may be ahead. Our level of 10,236 to rubbish the proposal is key, so worth watching for.
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.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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