The ftse last night had double it's normal volume. Previously, in the last two years this has been preceded by a decline. With 27 Russian companies now kicked off the ftse presumably to be replaced with more local smaller companies would indicate the overall index would be worth less. This may be priced in, not sure. Seasonality suggests March should be the start of a rest-of-year long recovery. Bit conflicted here and a trade like this may be past my pay grade/time frame. Obviously there are other things to consider.
Current chart at top of consolidation range suggests massive break out or dump, so a 50/50. I think it's going down further.
Anyone want to chime in?Volume
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