We are set to open strong this morning after the FTSE gained ground over 5100 again last night. Our key level from Friday. We attempted selling the market yesterday with the break of 5min bar at 2.30pm and although the second half of the trade was stopped out there was still some overall profit taken. As mentioned I was only comfortable with a low risk set up for this as we didn't have a magnet target below us.
Until we get some clearer news on Europe I expect to see volatile action but in the absence of a daily close above 5167 , selling it still the preferable option. Rallies are unlikely to be sustainable with no plan in place for Europe.
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