FTSE for Friday: which way next for FTSE 100?
It's one of this year's best performing stock markets, but even the resurgent blue-chip index has hit trouble. Independent analyst Alistair Strang shares his latest charts.
7th March 2025 07:40
by Alistair Strang from Trends and Targets
The FTSE 100 has now stumbled below the uptrend since 2024, a tiny little nudge which indicates some trouble may be ahead. Presently trading around 8,682 points, the index needs now close a session above 8,696 to get itself out of trouble.
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For now, continued traffic below Thursday's low of 8,645 risks triggering reversal to an initial 8,610 with our secondary, if broken, at 8,510 and hopefully a bounce. While visually this makes some sense, our arithmetic points at a bottoming potential around 8,400 points. On the bright side, the tightest stop loss level can be assigned at 8,696 points, fairly wide but otherwise acceptable.
Should gain potentials prove effective, above 8,720 should prove interesting, allowing surprise recovery to an initial 8,763 points with our secondary, if bettered, at an eventual 8,844 points.
We are not impressed with the FTSE 100.
Have a good weekend, ideally better than promised here for Argyll where snow is allegedly forecast.
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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