Similar to my Dax
idea just posted, a lot of world equities are bouncing...remember central banks can still cut rates and do QE/stimulus which means there will be nowhere to go for yield except the stock markets. The party might not just be over yet.
Similar description to the FTSE
as with the DAX
, a prolonged downtrend and basing at a support zone
. We had a wedge
and broke above the resistance zone
and even the previous lower high swing.
7375 zone is a flip zone you should watch and then 7575 above.