Figure 1 Long-term FTSE Chart
Figure 2 Close-up of same chart
Instead of the usual Gann Grid type chart, I present two simple bar chart views of FTSE. Take a look at the upper trend line. On Friday, FTSE managed to close below this trend line. I think we should feel a little uneasy with this development. Perhaps I am wrong and FTSE will carry on upwards. But what if the down close was a sign.....?
Projected High: 4,752.0752 (38.1050 points)
Projected Low: 4,661.3950 (52.5752 points)
Bullish above 4,725
Bearish below 4,701
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