#FTSE #Brent In an ideal world, the S&P 500 is about to produce a “teachable” moment, the index finally closing above the 7,000 point level for the first time ever. Headline writers are waxing lyrical about such an event but we’re neither surprised nor impressed. From our perspective, the 7,000 level should only be a footnote in S&P movements as the current cycle indicates growth above 7,052 should next trigger movement to an initial 7,085 points. The really impressive level is the potential “top” of this cycle, calculating at 7,450 points.
This secondary ambition is liable to be a big deal, representing a price level at which we anticipate some volatility. But there is an important caveat with the S&P. If the market starts “gapping” the index up, should our initial 7,085 be exceeded, it creates a situation where the goblins who control the market probably have a different, higher, target level in mind. Time will tell.
As for The FTSE, the index is driving us a little bonkers. If it would only move in accordance with “our rules”, we’d be confident proposing happy days are indeed ahead. Whereas Germany which has mucked around since the start of this year just ticked a pretty confident box which points at a future 25,750 on the DAX, a tidy 1,500 points above current levels. But the FTSE feels stalled, shuffling around like a gender confused person facing a choice of toilet doors. The value of the index has exceeded the point of trend break on the Red trend, it has even regained the Red trend, conventional logic screaming the UK index is primed for substantial movement. Instead, we are being treated to daily shuffles incapable of suggesting direction.
Currently, above 10,687 points should prove important, potentially triggering a rise to an initial tame 10,792 points but our “longer term” secondary, if exceeded, calculates at 11,183 points. While journalists shall doubtless deem the 11,000 level as important, the FTSE is liable to continue blundering upwards with a third level target working out at a future 11,447 points. Perhaps the UK Government shall do the decent thing and resign, once again allowing optimism to return. Reports the UK has been buying oil from Norway were a shock, our countries North Sea reserves far greater than Norway’s. The blind adherence to something called Net Zero is actively damaging our economy, just for imaginary political point scoring. In other news, apparently the UK Prime Minister had no idea his proposed American Ambassador has failed “vetting”, a detail which must surely call into question his management style by not monitoring the appointment of the UK’s most important diplomatic position.
Our alternate scenario suggests aggressive eyebrow action, if the FTSE manages below 10,450 points as weakness toward 9.983 points looks possible with our secondary, if broken, at 9,764 points. For now, we’re inclined to adhere to an optimistic outlook.
Have a good weekend, hopefully with a little less rain than we’re getting here in Argyll.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 10:27:46PM | BRENT | 9420.7 | 9010 | 8646 | 9319 | 9627 | 9813 | 9426 | Success | ||
| 10:29:40PM | GOLD | 4788.59 | 4772 | 4750 | 4814 | 4840 | 4863 | 4810 | Shambles | ||
| 10:31:29PM | FTSE | 10582.4 | 10542 | 10505 | 10570 | 10647 | 10670 | 10565 | |||
| 10:34:24PM | STOX50 | 5913.9 | 5899 | 5893 | 5935 | 5971 | 5999 | 5946 | |||
| 10:38:26PM | GERMANY | 24107.5 | 24055 | 24025 | 24122 | 24258 | 24286 | 24090 | |||
| 10:45:33PM | US500 | 7040.4 | 7008 | 7000 | 7037 | 7051 | 7069 | 7017 | |||
| 10:47:46PM | DOW | 48628 | 48278 | 48116 | 48480 | 48671 | 48752 | 48463 | |||
| 10:49:32PM | NASDAQ | 26299.5 | 26121 | 26035 | 26286 | 26400 | 26423 | 26266 | |||
| 10:53:24PM | JAPAN | 59265 | 58821 | 58598 | 59153 | 59675 | 59900 | 59304 | Success |
16/04/2026 FTSE Closed at 10589 points. Change of 0.28%. Total value traded through LSE was: £ 6,143,664,232 a change of -12.74%
15/04/2026 FTSE Closed at 10559 points. Change of -0.47%. Total value traded through LSE was: £ 7,040,462,072 a change of 0%
14/04/2026 FTSE Closed at 10609 points. Change of 0.26%. Total value traded through LSE was: £ 0 a change of -100%
13/04/2026 FTSE Closed at 10582 points. Change of -0.17%. Total value traded through LSE was: £ 6,248,149,769 a change of -33.03%
10/04/2026 FTSE Closed at 10600 points. Change of -0.03%. Total value traded through LSE was: £ 9,329,891,860 a change of 42.46%
9/04/2026 FTSE Closed at 10603 points. Change of -0.05%. Total value traded through LSE was: £ 6,549,262,704 a change of -39.09%
8/04/2026 FTSE Closed at 10608 points. Change of -100%. Total value traded through LSE was: £ 10,752,106,847 a change of 0% 
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AVCT Avacta** **LSE:GENL Genel** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:OXIG Oxford Instruments** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **
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Updated charts published on : Avacta, Genel, IQE, ITM Power, Intertek, Oxford Instruments, S4 Capital, Scottish Mortgage Investment Trust,
LSE:AVCT Avacta. Close Mid-Price: 75.5 Percentage Change: + 2.03% Day High: 78 Day Low: 73.75
Target met. Continued trades against AVCT with a mid-price ABOVE 78 shoul ……..
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View Previous Avacta & Big Picture ***
LSE:GENL Genel. Close Mid-Price: 53 Percentage Change: + 3.52% Day High: 53.4 Day Low: 50.9
Continued weakness against GENL taking the price below 50.9 calculates as ……..
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View Previous Genel & Big Picture ***
LSE:IQE IQE. Close Mid-Price: 58.6 Percentage Change: + 8.52% Day High: 60.6 Day Low: 52.2
Further movement against IQE ABOVE 60.6 should improve acceleration towar ……..
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View Previous IQE & Big Picture ***
LSE:ITM ITM Power Close Mid-Price: 93.85 Percentage Change: -1.78% Day High: 98.8 Day Low: 93.85
All ITM Power needs are mid-price trades ABOVE 98.8 to improve accelerati ……..
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View Previous ITM Power & Big Picture ***
LSE:ITRK Intertek. Close Mid-Price: 4755 Percentage Change: + 8.98% Day High: 4958 Day Low: 4356
Target met. Further movement against Intertek ABOVE 4958 should improve a ……..
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View Previous Intertek & Big Picture ***
LSE:OXIG Oxford Instruments. Close Mid-Price: 2812 Percentage Change: + 2.48% Day High: 2826 Day Low: 2750
Continued trades against OXIG with a mid-price ABOVE 2826 should improve ……..
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View Previous Oxford Instruments & Big Picture ***
LSE:SFOR S4 Capital. Close Mid-Price: 38.75 Percentage Change: + 0.26% Day High: 40 Day Low: 37.4
All S4 Capital needs are mid-price trades ABOVE 40 to improve acceleratio ……..
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View Previous S4 Capital & Big Picture ***
LSE:SMT Scottish Mortgage Investment Trust. Close Mid-Price: 1435 Percentage Change: + 1.09% Day High: 1445.5 Day Low: 1425.5
All Scottish Mortgage Investment Trust needs are mid-price trades ABOVE 1 ……..
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View Previous Scottish Mortgage Investment Trust & Big Picture ***