Sublime_Trading

FTSE 100 Approaching All-Time High

Long
TVC:UKX   UK 100 Index
The FTSE 100 has been gaining ground recently, with a 2.95% move for January 2022 alone.
December was up 4.62%, so there is clear momentum right now.

This brings a nice change from the sideways movement we had between May - October 2021.

Following the all-time high created on May 2018 at 7903, price declined, gaining momentum
during the peak covid pandemic in February and March 2020.

A low was formed at 4898, with an overall decline of 37%. Since then price has climbed 54%,
with over 300 points to go before it reaches the all-time high.

We can expect to see a good number of stocks showing signs of bullishness now that the FTSE
is looking strong again and these stocks will be presented in our weekly newsletter.

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