On Friday we saw an early 5 min bar close above 6808 which indicated a move to 6850 as per the report. The high on Friday was 6840 and then we saw profit taking in the last half an hour of trade with traders removing risk before the weekend (this was a trade we did in the live trading room with success). The profit taking into the end of the session is an indication that the smart money is losing its risk appetite at current levels. A big correction could be looming. As its a Monday following expiry we could well see a sell signal this morning [Signup For Mark's Full Trading Plan]
When I met Mark I was enormously impressed with his FTSE trading abilities, so much so that I decided to recommend him to my clients. John Piper
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