Good morning
The FTSE remains in a tight range and the action over the last few days is not the clearest. Usually when price action is unclear it is corrective and for now we have to assume a short term top was formed at 6090.
If we do breach 6090 then we will reach 6157-6200 quite quickly. This is my bullish alternate scenario. Under this scenario this target would represent a longer term short opportunity.
What ever the case there is not much room for the bulls left and a decline to at least 5820 is due.
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