The FTSE closed under 6000 last night and under the daily moving average 20 and this is a short term negative signal. However, I will point out that this particular signal has created a bear trap on several previous occasions since we started rallying last year so I would prefer to see one more close below 6000 to read too much into this.
Likewise I am not placing positional (medium term trade set ups) long trades just yet for several important reasons.
To access the full analysis and Mark's trading recommendations you can sign up through this link here.
0 comments:
Post a Comment