Bullish signals for FTSE 100 since Aigust have pointed to buying dips and these have been confirmed with a gain of just over 400 Pts since August’s base at 6492.0.
Friday’s rejection and a daily Shooting Star points to early losses going into this week, but at this stage these should be temporary and the outlook is to buy very modestly on the open and then at 6752.0, Thursday’s low trade, with a stop loss at 6691.5, the window which remains open since the last 6 week close.
Targets are to 6865.0/75.0 Friday’s high, 6907.5, September’s top on the Sep contract and 6995.0, the all-time peak posted in 1999.
