FTSE for Friday: will the week finish on a high?
After just hitting an all-time high, independent analyst Alistair Strang studies the odds of further upside for the UK blue-chip index.
11th July 2025 07:35
by Alistair Strang from Trends and Targets
The FTSE 100 has behaved as if the market has discovered how to use the product which makes Scotland more tolerable! It has just experienced 11 sessions of very light gains, nothing spectacular, but the lunge toward 9,000 points on Thursday was noteworthy.
Thankfully we’re able to now provide a scenario which should see the UK index exceed 9,000 points, doubtless sparking dancing in the streets.
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The FTSE is certainly behaving as if it’s started to ignore trauma in the country like tariffs and interest rates, although we suspect some artificial drama will pause growth at the 9,000 point level, doubtless blaming trader nerves at the visit to this psychological milestone.
Now above 8,980 points calculates with the potential of a lift to a tame 8,996 points with our secondary, if bettered, at 9,074 points and a number which should confirm the 9,000 point level isn’t inviolate.
If triggered, the tightest stop loss level works out at 8,925 points. From our viewpoint, with the FTSE 100 achieving higher highs, the index is now regarded as facing a long term visit to 10,000 points.
Our converse argument, if things intend go wrong, is below 8,925 points risks triggering reversal down to an initial 8,731 points with our secondary, if broken, an eventual bottom at 8,640 points. To get into real trouble and trash our potentials for the Big Picture, the index needs move below the level of the trend break on the chart, effectively 8,500 points.
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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