Good morning
Yesterday was a key day for the FTSE in terms of future direction. I attach a chart showing the FTSE closing under its MA 20. This is the first time it has done this in almost 2 months. This is a bearish sign and signals the index will break down lower very shorty. Initial target 5550. We went long yesterday based on this 2 month trend line however only 50% our usual stake as we had some negative price activity from earlier on in the week.
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