GLOBAL EQUITY MARKETS – December 23, 2017
REVIEW
Over the past few weeks I reviewed the UK FTSE 100 index. I believe it is one of the most important long-term opportunity for global equity investors. There are couple of technical developments that I really like about the UK FTSE 100 index chart. First one is that the index cleared its multi-decade long horizontal resistance and reached all-time highs. Stocks or indices that clear long-term resistances and reach all-time highs enter "uncharted territory". Uncharted territory is the path of least resistance. In other words there is no previous price level that the index would find resistance.
