Good morning
The FTSE is back in its 100 point range (5500-5600) and lies in the same position as last Monday. One downfall to tight ranges is that trade sets ups with strong signals have little room to progress.
This week is non farm payrolls (on Friday) and I expect this three week range to be broken finally. The move could be very powerful. There are strong signals supporting the bulls and the bears. In brief, the inverted head and shoulders break out at 5477 is supportive of the bulls as well as the 50/200 MA golden cross.
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