The FTSE broke out of a double bottom formation yesterday with a close above 6000. (see chart) This is positive action and signals a move to 6090 and even new highs.
Support for the Index lies at 5915.
At this stage only a close below 5860 compromises further gains in this market but I will point out that if the FTSE did penetrate this level from current levels it would be a serious set back. From a price action perspective the index would basically be sending a message that activity over 6000 is unsustainable in this economic climate.
In the short term we have non farm payrolls today.
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