FTSE for Friday: charting FTSE 100's path to 9,000
With some markets looking like they're running out of steam, independent analyst Alistair Strang searches for positive signals.
14th February 2025 07:42
by Alistair Strang from Trends and Targets
We're approaching an awkward situation with stock markets, some indices getting to the point where future predictions are becoming difficult without giving a little giggle. Germany and the DAX has already passed such levels, arriving at the point where we find it difficult to predict anything for the immediate future without resorting to a degree of guesswork.
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The FTSE 100 itself is an immediate case in point as it's extremely unlikely the market shall wake up one morning and find an excuse to jump by 1,500 points.
Invariably when numbers run out of steam, we find ourselves in a position where the markets start "gapping" the market up at the open until a suitable reason is discovered to invent some real volatility.
As it's Valentines Day, we'd hoped to find some positive signals which would be easy to repeat but, in reality, things are not great. It feels like "running out of steam" is the best way of describing European index positions.
For the present, above 8,821 calculates with the potential of a rise to an initial 8,867 points with our secondary, if beaten, coming along at an astounding 9,039 points. Thus, the invented terror of the 9,000 level could be used to provoke reversals but, from our perspective, fuelling the potential for additional near-term gains.
Currently, we are supposed to admit the FTSE 100 calculates with a third level target of 10,733 points.
Should things intend to go wrong, below 8,729 calculates with the potential of reversals to an initial 8,679 points with our secondary, if broken, at 8,629 points.
Have a good weekend.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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