wass9 Sep 2018 17:52
Pretty much in a range last three quarters, consolidating the break above that 1998 onwards resistance.
Assuming (!) no major horrors, either it breaks back through the 7000 and if it does convincingly I would take a bet it at least tests the oblique supports in green, or, there is a sideways bounce off the 7000 until a light testing of the support and a further crawl north. I don't think it is a buy yet although that's the index as a whole.
There's always the dull possibility that it really does nothing for 5 years until US inflation catches up with their equity valuations, so no bear cycle just a flat market on one side propped up by a strong US and on the other kept down by whatever other factors are in play.
https://ibb.co/gSpr29
Cos I'm mostly US it's striking the differences between the US indices and the FTSE and how relatively important timing is for our leading index. If you'd bought at peak 99,07 you would be back in the money, just. For a Dow, Nas trade from the 99,07 peaks its bagger country.