FTSE for Friday: will stock market match the hot weather?
Amid reports that Scottish Widows is to slash exposure to the UK in some of its portfolios, independent analyst Alistair Strang looks at predicted trends for our blue-chip index.
20th June 2025 07:33
by Alistair Strang from Trends and Targets
Despite the future of the FTSE 100 facing a drip feed of negative sales by Scottish Widows, amid reports that the pension fund is reducing exposure to the UK, our inclination is to remain of the belief there is an underlying uptrend on the UK market. That's because it’s completed most of our criteria for a rising cycle to an eventual (though almost unbelievable) long-term 9,225 points with our secondary, if beaten, at 9,800 points.
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While these numbers almost feel absurd, if the UK index were a single share, we’d be pretty comfortable with this prediction. Near term, however, the market feels slightly nasty.
Currently, below 8,788 looks capable of triggering reversals to an initial lame 8,767 points with our secondary, if broken, at 8,724 points and an almost certain bounce. If triggered, the tightest stop loss looks like 8,835 points.
Should Friday bring market movements which echo the good weather, above 8,857 should prove capable of triggering “surprise” market recovery to an initial 8,881 points with our secondary, if beaten, at 8,907 points.
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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