FTSE Forecast August 31, 2015, Technical Analysis

The FTSE initially fell during the course of the session on Friday, but then broke higher and reached above the 6200 level. With this, we feel that this market should continue much higher, and as a result a break above the top of the range for the Friday session would have us going long and aiming for the 6500 level which we see is the next significant resistance barrier. We have no interest whatsoever in selling at this point in time, and believe that pullbacks will offer buying opportunities as they represent value.