The US markets are shut today for Thanksgiving so expect a quiet session for the FTSE this afternoon. Most traders write off such days however just like the Christmas period if there is a range which develops the price action is usually smooth (with volatility removed) making trading easier.
The trend is firmly down and ideally we would like to sell however we will have to be patient. Now is not the time to sell. The market could well fall further but we have to focus on the probabilities and facts. The odds of a bounce higher have increased.
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