MEDIUM TERM ANALYSIS - I will be looking to see whether the FTSE can hold 5600. If the market can stay above 5600 for a full ten minutes after the open this is bullish and will neutralise the chance of a decline to 5370 this week. If seen I will remain on the sidelines until the European news has been released on Friday. Once things settle and emotions have calmed down we can access the next direction. You will remember in my recent tips that major news releases cause the majority of bull and bear traps in markets for traders.
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