Major resistance still lies at 5700 but an upward break again is a short term positive signal but I would not expect this to last long. We saw a break above 5711 yesterday but sellers came in. If this market was setting up for another major move to the upside we should have seen buying continue. This was not the case. At this stage if we see the FTSE rally above 5700 I will be looking at selling short term over bought conditions.
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