The FTSE this morning is faced with another negative outside day ( a new low and new high was made when compared to the previous trading day and the index closed on a low) and is resting on major support at 5870. A familiar picture is this sideways market.
I still maintain we need an end of day close under 5820 to confirm a top is in place on this market however the failed retest and false break at 6000 which I sent through to you yesterday is certainly bearish.
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