Good morning
Yesterday the FTSE filled my price targets in the 5750 region and closed just above here at 5752. No SMS for this as I wanted a slightly higher prices to enter any shorts.
This price action left a rejection candle which we should be aware of at 5800 (see attached chart). This weakens any buy activity above 5700 but the uptrend still remains valid unless we close under 5718 which is the 10 day moving average.
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Tuesday, October 26, 2010
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