Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Technical Analyst, Saxo Bank
FTSE-250 bounced from 18,500 and currently trading around the 0.50 retracement at 19,500. Further upside to the 0.618 retracement at around 19,713 could be seen but if RSI is rejected at the 60 threshold it will l be an exhaustive move quite likely followed by bear trend to resume.
If the FTSE-250 drops back below 19,000 selling pressure is likely to intensify and push the Index to test the July lows around 18,288.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity