Today is options expiry for the FTSE 100. This event occurs between 10.10am-10.20am. During this period of time expect market volatility which can produce sudden price spikes to the upside and downside. The spikes can provide good trading opportunities to fade some of the move especially if the move is exaggerated (more than 20 points).
The American markets have made a new high and given the end of day close above 5700 the FTSE will most likely make a new high above 5727 as well.
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