Market top: How to identify a top in the FTSE 100

On 1st June I expected a market top in the FTSE 100, we had a completed Elliott wave pattern and the 34-day BTI was overbought. The 34-day BTI is a trend reversal indicator with a high probability of success. When this indicator is overbought (above 400) the odds of a multi-week decline in the FTSE […]

FTSE trading: UK election will drive the FTSE 100 tomorrow

FTSE trading will become more volatile in the next 24 hours. The FTSE was weak yesterday, a combination of profit taking ahead of the general election, strong pound and declining oil prices dragged the FTSE lower. The S&P 500 was more or less unchanged. Today is polling day in the UK, we won’t know the […]

FTSE 100 trading

FTSE 100 trading: be prepared for some volatily

The bull market since February 2016 is the last leg of an even longer bull market that began in 2003. This final leg up is coming to an end, my 34-day BTI which identifies major tops has given a signal. This time the signal coincides with a terminal Elliott wave pattern…read more