SamKent

FTSE 100 LONG TERM ANALYSIS

INDEX:FTSE   FTSE 100 Index
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Though we are currently experiencing a mini market crash of sorts round the world, it's important to keep the big picture in mind, both fundamentally as well as technically. Technically speaking, the FTSE             has completed an AB=CD pattern in fairly picture perfect fashion, so the strong downwards move is not necessarily a total crash but rather an expected technical correction.
Fundamentally, though it has its fair share of problems, the UK's economy is still head and shoulders above the Euro-zone, and is likely less fragile than that of the US. This all leads to expected rate hike around the corner.
All things considered, when looking at a longer term outlook, the market may continue "crashing" but it's important to keep an eye out for these buy zones, looking for weekly or daily supportive candles and other indications for a resumption of the bull trend.
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