FTSE for Friday: is FTSE 100 in holiday mood?
Ahead of another extended weekend, independent analyst Alistair Strang studies the blue-chip index and its chances of posting more gains.
22nd May 2026 07:47
by Alistair Strang from Trends and Targets
The FTSE 100 has been driving us insane, refusing to behave with any degree of logic and the USA/Iran conflict being blamed for everything.
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Heading into a holiday weekend, the FTSE is currently wearing a happy hat. Apparently, above 10,472 points should produce a lunge to an initial 10,501 points and a challenge of the immediate Blue downtrend.
Our secondary, should this initial be exceeded, works out at a relatively useful 10,572 points. If triggered, the tightest stop looks like an amazing 10,470 points. Common sense suggests wider, preferably around 10,360 points.
As usual, we can present a converse scenario as below 10,360 points risks triggering reversal to an initial 10,300 points with our secondary, if broken, a very possible bounce point at 10,216 points.
Have a good weekend. We’ll be back on Tuesday.
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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