A still better recovery effort as we had anticipated, with the rebound from ahead of 6671.5 over the past week signalling a re-energized bull theme through 6867.5.
Moreover, the break higher to a new cycle high, above leaves risk for a more aggressive extension into late March.
Short-term Outlook - Upside Risks:
- We now see a more positive tone with the bullish threat to 6995/7000, the all-time high from 1999 and psychological/option target.
- Above here targets Fibo extension levels at 7088 and 7123.
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Monthly FTSE 100 Future Chart