Good morning
Yesterday's FTSE action was very muted. As mentioned yesterday, traders are in a dilemma. They are aware FED intervention will help support the markets in the short term however buying stocks at these levels after an extended rally is risky. A healthy pull back is necessary from current levels if we are to make a convincing move above 5833 (the highs this year). If we continue higher without the pull back then the market risks a flash crash scenario.
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