We saw a close above 5930 yesterday which has resulted in a new leg up
for the FTSE. As you'll recall yesterday I mentioned 5930 was where
the 50 Moving day average lay and a close above here was very
positive. This level was acting as previous resistance. This is pure
price action and many traders take note of such areas.
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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Wednesday, March 30, 2011
Mark Austin FTSE Trading Update - 30 March 2011
Good morning
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