Sideways action and uncertainties mean rallies are likely to be sold off today

A break of 7250 today is bearish

7270 is very key and a reference level!

A huge 2% move yesterday on the FTSE which was very unexpected

MAGNETIC FTSE Trading Report - 24 April 2017

The markets have bounced over night on the french election and I expect some of the gains to retrace as its a large move based on news which does not have relevance to all the FTSE 100 stocks.

If we rally today look at the ftse to finish down on the day binary.

MAGNETIC FTSE Trading Report - 20 April 2017

The short term trend has turned down whilst below 7240 so selling rallies is a good strategy from 7160 and higher.