Looking for longs in the FTSE has been my mission for quite sometime. I am always really comfortable as the Market sells off, as I have the knowledge to let me know a new Buying opportunity exists. This now however is not the case on the FTSE. Price has blasted through levels it needed to hold to promote another climb to lofty heights. Now all we have is a small window of opportunity to buy but not hold. I will target the same trendline but rather than looking for it to hold I will look for this to be the end of the run. We need to keep in mind that any longs can only be initiated with buy signals. As for the level.... I like the price!
