FTSE breaking 5505/5495 for a sell signal

FTSE

FTSE 100 December Futures shorts at first resistance at 5580/5600 worked as we topped exactly here & collapsed to first support at yesterday’s low at 5505/5495. We are breaking lower this morning for a sell signal targeting 5460/40 then 5420/00.

Daily Analysis

FTSE breaking 5505/5495 for a sell signal targeting 5460/40 then 5420/00. On further losses look for 5350/40.

First resistance at 5510/20. A break higher however allows a recovery to 5560/70 before a retest of yesterday’s high at 5600/07.

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Chart

FTSE

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