Is the FTSE 100 Going Up or Down?

With the establishment of the Downtrend (which is now ‘in play’ for this index) there will always be occasional rallies but these are likely to be only temporary (generally 3 to 5 weeks); the index is currently suggesting that it is likely to return to the 4800 level area (the level of the July low) and then go lower to the 4630 level and, possibly, to 3500 before any serious support might be forthcoming.

There is now a 60% chance of the index falling to the 4630 area against a 40% chance of a rally to the 6000 area.

For more detail request a copy of ShareHunter’s latest  ‘FTSE Forecast’ report.