jangseohee

FTSE 100 towards resistance around 6600

INDEX:FTSE   FTSE 100 UK Index
28 0 1
FTSE 100             has been engaged 3 degree only uptrend channel since 2013 and price spend most of its time in the upper section of the channel.
As can be observed that the price is moving towards the support turn resistance line after the break down on 1st Oct.
If the resistance is strong enough, i see the price pummel towards around 6100.
Both the MACD line is still under 0 albeit turning upwards
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