Not for a long time have we seen so many positive signals on all of the major markets.
Now, that must not be taken as a definitive ‘fill your boots with stocks’ comment as these markets still hold the propensity to shock and to cause mayhem but it is a fact that many of the ‘neutral’ trend signals of late have now turned positive. This gives a clear majority in favour of a developing uptrend and the potential for higher share prices.
Having said that, for the FTSE the immediate scope is limited to a rise and test of the April’10 high at 5790. This level’s resistance could send the index back down the scale.
However, if the FTSE can break clear of 5790 then…. more from ‘The FTSE Forecast’ report that is available on request to admin@sharehunter.com
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