FTSE250 Update

In trading there is a saying "climbing the wall of worry", well the FTSE250 looks like it is taking baby steps up a hill of worry. Worry in the sense that at some stage traders know that there has to be a correction and as the trend gets longer there is the risk of being caught in a bigger sell off. MACD looks to be weakening, but like the FTSE100, the 250 could fall quite a lot and still be bullish overall. Given that this current trend started in mid November we are now about 5 months in to a very stretched bull move that having hit 14,000, a nice round number, put on almost 2000 points in that time. No one should be surprised if we get a little pullback from here.

FTSE250 - Daily