For now the FTSE is moving in line with expectations - referring to Friday's analysis. We had the decline to 5950 on Friday and we are now looking for some upside.
The actual wave structure is very complicated at present and you have probably noticed we are getting false signals flying around on both European and American markets. In Elliott Wave Theory if the count is complicated it is generally corrective. If its a clear count its impulsive. For this reason this lengthy sideways move on the FTSE is most likely corrective with higher prices on the way however I remain cautious with all the Geo Political instability surrounding us. Obviously a move below 5860 would change things.
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