Good morning
Yesterday the FTSE closed under the MA 20 at 5760 which confirms negative price action with lower prices likely in the short term
Attached is my analysis from yesterday. The end target for this decline is 5620.
Major support lies at 5550 and unless we close below this level on an end of day basis, this decline can be treated as a simple correction.
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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