FX:UK100   FTSE 100 index of UK listed shares
12 0 0
DAILY CHART . I PLAYED THE LONG BULLISH ENGULFING AT 6450 AND ADDED ON THE BREAKOUT. I GOT STOPPED OUT AT 6750 AND FAILED TO PLAY THE NOW OBVIOUS SELL SIGNAL UNDER 6800. NEW DOWNSIDE TARGET AT 6450 AND LOOK FOR LONG SIGNAL THERE. ANY BREAKOUT OF THAT SUPPORT WOULD BE SURPRISING GIVEN THERE IS VERY LITTLE POTENTIAL RETURN FOR INVESTORS OUTSIDE OF STOCK MARKETS. BUT DONT UNDERESTIMATE THE POWER OF MARKET PARTICIPANTS TO DRIVE THIS LOWER OVER THE SUMMER MONTHS.

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