FTSE 100: 6750 could define the global bull market

UK 100 INDEXTVC

Description

⋅ Dec 7, 2018 8:24 AM

There are two huge levels for the FTSE 100
A) The 2007 Peak at 6950 -- below here now
B) The 2000 peak just below at 6750 - testing here now

While we're below these levels - the bull market in the UK - and possibly globally - is over

Comments

Omhhh

⋅ Dec 7, 2018 8:45 AM

Are you looking to short this market?

jasperlawler

⋅ Dec 7, 2018 8:56 AM

@OmarHalawi More likely we get a rebound - but a monthly close below 6750 and shorts make more sense IMHO.

What u think?

Omhhh

⋅ Dec 7, 2018 9:04 AM

@jasperlawler, I think we are not very far from the support levels falling from under our feet, this is compounded by Brexit of course- where typically what you expect to be support will be weaker. I think I will enter a short in the next 6 months.