The FTSE 100 has been one of the outstanding performers in Europe on Monday aided by better than expected earnings from HSBC and strong construction data from China.
While the index is performing well on the day, it has been in consolidation mode for some time now and there are potential warnings signs that it may have hit a near-term top. Senior Market Analyst Craig Erlam discusses all of these points and gives his analysis of the charts.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Latest posts by Craig Erlam (see all)
- Market Insights Podcast – US GDP, RBNZ holds, bitcoin soars - 28 February 2024
- Market Insights Podcast – Nvidia earnings, record highs for stocks - 23 February 2024
- EUR/USD – A bullish breakout or just further consolidation? - 22 February 2024