FTSE 100 Index UK100 Short and Longer term Forecast for 2018
Fantastic straight-line break-out finally achieved by FTSE 100. Bull markets climb walls of fear. That wall is Brexit. FTSE
keeps climbing and pays the nay-sayers no heed. They are the most slow-witted fools remaining. But never forget, the
market needs mugs. The 80% losers pay for the 20% winners' dinners, most days. That's just the way the numbers fall.
The breakout has been one long green candle - but it's only got a little more upside to 7818 and/or to test the upper
parallel that contains the rally come Tuesday opening. Look to close out longs into the final move upwards - and if the
high at 7704 is not broken above early on - or price flips back to the lower parallel at arounnd 7634 and then goes on to
double top at 7704, then again, look to close at least half long positions if you see price stick at 7704 or just under on this
kind of price action. FTSE should then fall back to 7635 at least, and ideally back to the the big break-out levels at
7597-7580 at absolute lowest before it rallies hard once more, likely by this stage to move up through 7703 and 7818 to the
next important resistance potential at 8348 over the more medium term (first 6 to 8 weeks of new year, roughly)
Longer term views on both FTSE and SandP remain unchanged: Both indexes continue to climb their own
different walls of fear (Brexit and Trump). Both love the outcomes. Paradigm shifts. Complete game-changers, both
events. After 14 to 16 years of sideways to down markets we have begun the greatest secular bull run that many younger
investors will have ever experienced. Both markets are expected to rise at least 4 times and potentially 6 times from
start 2016 prices over the coming 14 years or so. Stay long if a long time holder and pay this forecast no heed whatsoever.
This is for day traders or for those wishing to get long here ready for an excellent 2018 in store - for this market in particular.
Super Long Term SandP secular analysis:
