23rd February 2018
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Well we got the rally and then the dip yesterday, though the bulls have certainly found some strength as they managed push through the resistance levels just prior to the dip. As such, its looking like a more positive Friday session across the board, as Asian markets looks set to close the week on a positive note. The FTSE 100 managed to push to 7265 yesterday before dropping back to 7210 though the rise was slow to arrive. Was quite surprising to see the S&P and FTSE get as high as they did though – the fact they all then pulled back sharply suggests the initial rise was built on sand though (pump and dump!)!
FTSE 100 Forecast and Prediction
The FTSE now needs to break 7282 to push back towards Sundays high at 7328 (been watching for that all week and also been slow to arrive!). Support is as the 7224 level initially this morning, with 7187 (yesterdays low) below that. Should that break then the 7150 level is still on the cards.
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