For now the FTSE is in a rectangular formation between 5023 and 5332 and a break either side of these levels will confirm the next major move for this index. Whilst we trade between these levels we are just seeing sideways action which is why we are seeing conflicting signals right now.
Today we have an important bail out vote from Germany and this could spark a major move today. Its possible we could see the market rally early on in anticipation of good news which seems to be the recent trend at present and then fail if investors do not hear what they want to. I.e these rallies are fueled by hope. The vote is at 9.00 GMT.
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