After a week of consolidation for the FTSE, the weekly chart has left an ''inside bar''. This means the FTSE traded within the previous weeks range. When you see an inside bar during a period when volatility is picking up you can expect the following week to break a trading range and also a large move to come in. This would also tie in with expiry this Friday.
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Monday, May 16, 2011
Mark Austin FTSE Trading Update - 16 May 2011
Good morning
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