No real change to my analysis from yesterday. The FTSE is struggling to make progress over 5600 and there was clear minus development at this level yesterday afternoon. Minus development means the market has failed to make progress over this level. I maintain my view that the FTSE will struggle to make progress over this level before Friday when the EU meets for the summit talks. Even then the rally over the last month will have priced in a fair bit of any positive news resulting from this meeting.
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