At this stage 5752 does indeed mark the turning point in this market as we saw an end of day close above the Moving Average 200 at 5875 yesterday which is the signal we wanted to see before taking any further positions in the market.
Coupled with the close above the MA 200, we also saw a positive outside day which is when the FTSE makes a new low and a new high when compared to the previous days trading range and also closes higher. Very positive action.
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