As with NIFTY, I have found good reason to re-anchor the grid on FTSE to the recent low. With the strong push that occurred today, there seem to be three distinct possibilities that may play out in the next few days. Firstly, FTSE could potentially run into trouble when (and if) it touches approx 4360. The second possibility is that it may attempt to push up to 4430 and drift down. The third and final possibility is a rise all the way upto the 180° level of 4510 and hit resistance. Which of these scenarios is most likely? I honestly don't know. But knowing what the possibilities are is probably nearly as good!Projected High: 4,400.85 (54.39 points)
Projected Low: 4,292.07 (54.39 points)
Bullish above 4,356
Bearish below 4,336
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