Uk100 is always the odd one to trade.
I’m expecting this to fall to 6800 area in the next two months.
It won’t happen quickly, there is a major support at 7220-7080, and even stronger support at 6950-7000.
Look into previous years: September - November are statistically the weakest months for trading. It doesn’t mean this year will be the same but I would be very careful on going long now.
Despite what some might say, the economies are slowing down. GDP for last two quarters proves that(dictionary definition of recession). Good numbers on employment don’t mean sh** . When interests will go up more and more, people start to struggle to pay bills and mortages, losing jobs… and everyone will surprise that markets colapse!
Sure you can go long now, but if you expect ATH, I’m not sure if we can see that in next 16-18 months.
The recent rally was just a bear rally- powered by retail traders. I don’t see any reason to convince me otherwise at the moment.
I’m not a financial advisor, trading is risky, always do your own analisys before trading.
I’m expecting this to fall to 6800 area in the next two months.
It won’t happen quickly, there is a major support at 7220-7080, and even stronger support at 6950-7000.
Look into previous years: September - November are statistically the weakest months for trading. It doesn’t mean this year will be the same but I would be very careful on going long now.
Despite what some might say, the economies are slowing down. GDP for last two quarters proves that(dictionary definition of recession). Good numbers on employment don’t mean sh** . When interests will go up more and more, people start to struggle to pay bills and mortages, losing jobs… and everyone will surprise that markets colapse!
Sure you can go long now, but if you expect ATH, I’m not sure if we can see that in next 16-18 months.
The recent rally was just a bear rally- powered by retail traders. I don’t see any reason to convince me otherwise at the moment.
I’m not a financial advisor, trading is risky, always do your own analisys before trading.