UK100 (FTSE) - LIKELY TO DO A THIRD UPWARDS?

UK100 has a clear 5 wave up from COVID-19 lows.

This is either an ABC pattern or a five-wave impulse. In either case, we should anticipate a significant move. Such big moves sometimes come after sentimental extremes or events - which is much awaited.

If this transpires, would be led by a commodity-led rally, which would in turn imply a weak dollar, loose liquidity, and high inflation. Let's keep a close watch on this.