It turns out this prediction was spot on right, and looking back a good deal of money could have been made on this recovery push on FTSE index futures of ETFs.
Currently this is where we are price-wise on the FTSE index (source: yahoo finance)
In fact, let's look at what would have happened if we'd traded long (buying / speculating on an up-move in the market) over the period, which is the trade you'd do given my brief analysis from 28th January.
Bought at the non-optimal price of 5142.2 and sold at the common price over last days and not quite high of 5820. The transaction size being the smallest allowed with most brokers of only 3 pounds-per-point, then the profit generated would have been a respectable £1'800 and bagging in a 12% profit. This would be even higher would it not be for the daily financing costs of the trade. Table below summarises such a trade:
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