When looking at the FTSE 100 price action it is also interesting to see how the FTSE 250 has been behaving. The FTSE 250 like the 100 was in a powerful up trend, with higher highs and higher lows; but whereas the 100 reached a peak and then went into consolidation on 16 November, the 250 peaked earlier, reaching a high of 9591 on 15 October, before entering a period of consolidation. The price action of the 250 during this consolidation also has a triangular appearance, with lower highs and higher lows, however unlike the 100 the 250 has yet to break out of its consolidation. It is quite close to a trend line drawn across the peaks of the consolidation, however a break up has not yet occurred.

The FTSE 250 contains the next 250 stocks after the FTSE 100 in capitalisation, ie those ranking 101 to 350, which include more volatile and riskier investment vehicles, so the failure to break out to date suggests that some investors have started to lose their enthusiasm for the more risky assets. Whether or not the 250 does break out is a further piece of evidence for assessing the robustness of the 100 break out.