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FTSE 100 pushing higher after wedge pattern
The FTSE 100 is pushing upwards in the wake of a bullish wedge breakout seen yesterday. Upside for global markets in the wake of the US midterm elections has provided European stocks with a bullish impetus, reversing the declines seen throughout the first half of the week. This brings about a strong chance of a continuation of the rally seen in the last week of October.
Given we have pushed through the first swing high of 7141, it looks likely we will continue to gain ground, with any losses seen as a temporary move unless we break below 7026.