Good morning
A nice bounce off 5644 yesterday opens the doors to higher prices today but with the Greek saga being dragged out until July I expect volatility to increase between the range 5600-5800.
For the bulls the area between 5769 - 5820 becomes a key objective but we need acceptance above 5820 to put this correction behind us. Until then I am only focusing on ''short'' positional trades as mentioned yesterday. The sell zone is between 5760-5800 and an area I will be looking for sell signals.
For the shorter term trades we can continue using magnets for trade set ups which are still the most powerful leading indicator I have come across when trading the FTSE on a short term basis.
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