FTSE for Friday: is FTSE 100 about to hit reverse?
Many investors are scratching their heads, wondering how Wall Street can maintain its stellar performance. Independent analyst Alistair Strang investigates.
15th May 2026 07:45
by Alistair Strang from Trends and Targets
The FTSE 100 is ducking and diving, the deluge of local political and world excuses giving the UK index sufficient reason to behave in a quite paranoid manner.
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At the time of writing, FTSE futures are around 60 points below the level the market closed at Thursday.
Regardless of the reasoning, it feels like the FTSE has spotted an approaching rain cloud and is taking evasive action. It’s almost like the UK market finds it difficult to believe the S&P can move higher without a period of volatility first. Should this be the case, the fallout shall doubtless spread to the FTSE 100.
At present, above 10,376 points has the potential of triggering gains to an initial 10,420 points. If exceeded, our secondary calculates at a future 10,462 points. If triggered, the tightest stop is extremely generous at just 10,356 points!
Our converse scenario, if the FTSE intends to wander off a cliff, suggests below 10,295 could create the trigger level for reversal to an initial 10,181. If broken, our secondary works out at 10,014 points and a very possible bounce level. Unfortunately, the FTSE is visually trading in a region where reversals do look extremely possible.
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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