FTSE100 Update - Bull run continues

FTSE100 continues to go up with every brief dip being bought. Both the daily and weekly charts look bullish. On the daily chart we have just had a new 20/50 dma crossover to the upside, the same crossover on the weekly chart having been positive for some time. Bollinger Band has opened towards the upside and while the MACD is slightly extended on the daily chart it is only just crossing on the weekly chart. This suggests that even if we get a pullback on the daily, the trend remains bullish as long as the weekly MACD trends up. Certainly no sign of Sell in May so far.

Click to see charts below.

FTSE100 Daily

FTSE100 Weekly