Friday saw a failed break just above 5600 which is a short term negative signal however we have to be aware that we have been treated to several bull and bear traps over recent weeks partly down to the Greek saga. The market is extremely uncertain at present with the EU bail out plan and what we are seeing is sharp reactions to any short term news coming out on Greece. This is making swing trading difficult and until a clear established trend is formed I will continue to focus on low risk, short term set ups.
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