We have an important week ahead of us in terms of the recent sideways action we have been seeing since August. I expect the market to reveal clues over the next few sessions as to whether we are setting up for a meaningful rally.
In the near term its likely we will see the FTSE move towards 5200. Once we have observed the next correction, if we then break above 5360 then its likely we will see the index rally into the end of the month. You can sign up to my service here and learn what the target would be.
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