The FTSE has been making some noises to the downside of late, finally coming to the party on our pullback skew.
Our regular readers will know that ever since we found resistance around 4500 over most of May we have been mooting the idea of a pullback. Will this take us back to or even through the March lows? You need to subscribe to FuturesTechs to have access to our views on questions like this. As a taster for those of you who, for some strange reason, don’t subscribe, here’s today’s FTSE Futures commentary and chart.
So have the bulls saved the day, just in the nick of time? I’m not convinced… With 4236 in the resistance column we expect the market to continue lower
Below 4101 (and we think we will break this level) look for 3975 next, then 3849.5.
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