BH42

FTSE 100 approaching 2007 high of 6740

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TVC:UKX   UK 100 Index
In 2007 the FTSE hit a high before a steep decline, a level we are approaching around 6740. A level which is also heavily defended by the 100 MA.

It would take a good amount of positive sentiment to breach this level - will we get this during an uncertain pandemic ?

If sentiment in the US markets declines, then we could see a significant pull back across all indicies.

I am unsure how this will play out, but I am leaning towards a bearish few weeks in the markets.


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