The FTSE-100 has surged higher with the S&P 500 Index since October 16, 2014. The current pattern on the FTSE-100 should propel the index up to the daily chart 200 moving average which is around the 6689.00 level. This is the area where the FTSE-100 should stall out. Please note, this resistance level is also the 50-week moving average which adds to the strength of the resistance point. Traders will then have to carefully follow the pattern on the charts in order to see if there will be further upside into the end of the year.
Are you ready to enter the next winning trade when it presents itself? Take a look at our recent trades in the
Research Center track record here. Then step up and get on the right side of the trade;
enter the Research Center for 7 free no obligation days and view all of the latest calls live right now.
Nick SantiagoChief Market Strategist
www.InTheMoneyStocks.com
