FTSE Long-Term Forecast2016/11/17. FTSE 100 stock index forecast for next months and years.
FTSE 100 forecast for November 2016.
The forecast for beginning of November 6899. Maximum value 7454, while minimum 6610. Averaged index value for month 6999. Index at the end 7032, change for November 1.93%.
FTSE forecast for December 2016.
The forecast for beginning of December 7032. Maximum value 7597, while minimum 6737. Averaged index value for month 7133. Index at the end 7167, change for December 1.92%.
FTSE 100 forecast for January 2017.
The forecast for beginning of January 7167. Maximum value 7730, while minimum 6854. Averaged index value for month 7261. Index at the end 7292, change for January 1.74%.
FTSE forecast for February 2017.
The forecast for beginning of February 7292. Maximum value 7795, while minimum 6913. Averaged index value for month 7339. Index at the end 7354, change for February 0.85%.
FTSE 100 forecast for March 2017.
The forecast for beginning of March 7354. Maximum value 8059, while minimum 7147. Averaged index value for month 7541. Index at the end 7603, change for March 3.39%.
FTSE forecast for April 2017.
The forecast for beginning of April 7603. Maximum value 8413, while minimum 7461. Averaged index value for month 7854. Index at the end 7937, change for April 4.39%.
FTSE 100 forecast for May 2017.
The forecast for beginning of May 7937. Maximum value 8398, while minimum 7448. Averaged index value for month 7927. Index at the end 7923, change for May -0.18%.
FTSE forecast for June 2017.
The forecast for beginning of June 7923. Maximum value 8490, while minimum 7528. Averaged index value for month 7988. Index at the end 8009, change for June 1.09%.
FTSE 100 forecast for July 2017.
The forecast for beginning of July 8009. Maximum value 8598, while minimum 7624. Averaged index value for month 8086. Index at the end 8111, change for July 1.27%.
RED/GREEN- Weekly S/R Levels to watch
BLUE- Weekly/Monthly Channel UP
Ftselongterm
FTSE 100 Medium Term Short: Divergence, BB, Missed PivotsThe FTSE 100 is trading near 6950, up more than 1200 points from the post-Brexit low of 5727.
Fundamentally, this is because of the sharp fall in Sterling.
However, technically, the FTSE 100 may be due for a correction.
It has relentlessly traded upwards, however:
1) There is strong resistance to be expected at 7000, a psychological round number.
2) There is divergence on the 4H chart at 6950.
3) The FTSE 100 has traded outside its 800-period BB on the 4H chart for more than 2 weeks.
4) There are multiple missed pivots, monthly and weekly, amidst the FTSE's post-Brexit rally.
This might suggest that we are due for a correction in the medium term, perhaps to the 6700 level.
If Sterling recovers, the correction may extend to 6300. However this is unlikely given a dovish BoE, quantitative easing and the market pricing in further interest rate cuts.
FTSE Index Strongest after Brexit VoteThe FTSE was the Index with the most upside during the week after the Brexit vote. It closed as high as no other Indice, above its previous resistance, now on the way making new highs. While the US Indices are about to hit them already, in Europe this will be a longer-term endeavour. Should this long breakout be the real deal, we are on our way there already though ..
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