The FTSE remains on track to target 5600 before year end. We held 5420 at the open yesterday which I mentioned was a positive signal which would result in the previous highs at 5485 being taken out. We have this this out of hours and I would expect to see this during cash hours today. I count this as wave 3 up which is the most powerful wave up.
We also have to be aware that is a Friday before a long holiday weekend so we could see some profit taking come in after 2pm today.
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