vlad.adrian
Short

UK Stock Market - Short

FX:UK100   The FTSE 100 Index
98 0 7
The UK stock market has been in a downtrend for some time, along with other global equities (with the exception of the US)

After a bullish divergence on the weekly chart, price moved back to value where it appears to be stalling. The impulse is already red, however a weekly close below 6400 would boost my confidence.

On the daily chart , there isn't much to talk about. A false breakout above the previous swing high, with a histogram divergence (which I wouldn't have taken into consideration if it wasn't for the weekly chart) and a small H&S formation. The impulse is red.

Look for 5500 to get tested
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