The FTSE kept below 5910 yesterday. This was my criteria to keep this market in correction mode and target 5750. The cash market high yesterday was 5908. Its clear the bears are still dominating any price activity above 5900. If we had traded above 5910 I would have changed my view but this is not the case.
We have a fairly hefty dividend for FTSE today standing at over 11 pence so expect a rise in the index during the last hour of trade today (so 3.30pm onwards).
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