Chart 1 - Long term trend lines
Chart 2 - FTSE as viewed with the Gann GridTwo charts are presented for FTSE this time. Chart 1 shows an interesting pair of long-term trend lines. The lower line has clearly acted as resistance with about three touches. Note that this upper line is parallel to the lower trend line. The upper line is yet to be tested and we may be on the verge of seeing that test. If the test is successful, FTSE is going to head down. On the other hand if the index rips upwards, there will be a long distance to go. Chart 2 is the usual grid chart and shows we are one day away from the timing line. Exciting times await us!
Projected High: 4,793.3203 (61.7603 points)
Projected Low: 4,681.8604 (49.6997 points)
Bullish above 4,746
Bearish below 4,716
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