The FTSE 100 recently hit a new all-time high, and Steve O’Hare from
First 4 Trading believes there is potential for continued bullish
momentum. The index set a record when it finally surpassed its
previous 15 year high of 6,. However on Monday the FTSE lost
some of its gains after UK equities slipped, with HSBC Holdings PLC
falling %.Steve notes however that this pullback has turned
resistance levels into support for further gains.
Steve is looking to set longs in early trading around last