Major market forecasts: FTSE 100, S&P 500, Unilever – City Index

Ken Odeluga, Market Analyst at City Index details technical charts for FTSE100, S&P500 and Unilever. He is joined by Tip TV’s Zak Mir.

Key points

FTSE 100 – is more likely to hold the rising trend line support and eventually rise to record high. The pause seen in the index was more due to Sterling crash…which highlighted instability

S&P 500 – Shallow retracement, pessimism about earnings and markets trying to pick a major top suggests it is a buying opportunity

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