FTSE 100 rebounds, aiming higher – FTSE forecast

  • Global equity indices have rallied over the past 24 hours, as the broader “risk on” theme from latter September continues.
  • The more recent advance has been assisted by US President Trump leaving hospital alongside hopes for a new US economic relief package.
  • European stock averages have also benefited, recouping losses from late last week.
  • Here we focus on the short and intermediate-term upside for the future on the UK benchmark index, the FTSE 100.

FTSE 100 day trade outlook: Robust rebound and advance keep bias higher

Day trade update and view

A Monday push higher again through notable 5936/45.5 resistances, to build on Friday significant sell-off and equally significant rebound from within our flagged 5770/65 support, from 5766.5, to retain upside pressures from the latter September rebound from a bear move low at 5739.5 through various resistances (to 5936), to keep the risk to the upside Tuesday.

Day trade setup

  • We see an upside bias for 5949.5 and 5980; a break here aims for maybe 6040.
  • But below 5830/25 targets 5766.5/65 and opens risk down towards the bear move low at 5739.5.

FTSE 100 intermediate-term outlook

The early September push below key 5815.5 signalled an intermediate-term shift to a bear trend.

  • Downside risks: We see an intermediate-term bear trend to aim for 5651/45, 5325/16.5 and maybe towards 5000.
  • What changes this? Above 6267.5 shifts the intermediate-term bear trend to neutral; through 6512.5 to an intermediate-term bull trend.

Daily FTSE 100 Chart

ftse 100 chart

Editor in chief

Steve Miley has 29 years of financial market experience and as a seasoned expert now has many responsibilities. He is the founder, Director and Primary Analyst at The Market Chartist, the Editor-in...continued

Comment on this video

Your email address will not be published. Required fields are marked *

Latest Related News

Stocks setting up for a plunge – S&P 500 and FTSE 100 forecast

A significant move lower for global stock averages over the past 24-36 hours, as markets are moving even more towards a “risk off” theme.This is being driven by:Spiking COVID-19 cases in Europe, alongside more severe lockdowns.Rising levels of COVID-19 in the US.Fading hopes of a US economic relief package ahead of the US election.In this report we will review the technical analysis outlook for both… Continued

Stocks erratic, searching for direction; Pound plunges

Macroeconomic/ geopolitical developments A solid start to last week for risk assets as European and Asian stocks staged rebounds with US markets closed for the Labour Day HolidayHowever, riskier assets turned south again Tuesday and traded heavy for much of last week (see the “Global financial market developments” section below for details.At the start of the week, UK Prime Minister Boris Johnson placed a 15th… Continued

Looking for a FTSE 100 rebound – FTSE forecasts

European equity indices posted solid rebounds on Monday on the US Labour Day holiday with US markets closed. The FTSE 100 produced a particularly strong advance, assisted by Pound (GBP) weakened against both the US Dollar and Euro (GBPUSD lower and EURGBP higher).The Pound Sterling weakness was driven by concerns regarding the EUR-UK trade talks, with Prime Minister Boris Johnson mow applying a 15th October… Continued

S&P 500 poised for a more bullish signal

Macroeconomic/ geopolitical developments The “risk on” theme continues in August, albeit rather unenthusiastic.This “risk on” leg has been reinforced this week with wider, global financial markets indicating a more positive economic outlook, as we review in the ‘global financial market developments’ section below. The macroeconomic was broadly positive again, though US Retails Sales slightly disappointed on Friday.There have been some pockets of improvements for COVID-19… Continued

Looking for a FTSE 100 rebound (FTSE forecasts)

FTSE 100 day trade outlook: Holding onto a positive bias   Day trade update and view A firm rebound just above 6241.5 resistance to 6244 and then another setback Thursday down through 6155.5 and 6126.5 supports holding above 6097, and whilst above here we cling onto an upside rebound bias from the latter July advance to the upper end of the broader trading range, to just keep the threat to the… Continued

Forex Brokers in your location


79% of retail investor accounts lose money


79,3% of retail investor accounts lose money


74,9% of retail investor accounts lose.


75% of retail investor accounts lose money when trading CFDs with this provider.