FTSE 100 - Eyes Head and Shoulder neckline

TVC:UKX   FTSE 100 Index
Failure to take out 5-DMA, 10-DMA and 100-DMA for three straight sessions (including today) has opened doors for a drop to head and shoulder neckline seen around 6685 levels.

A daily close below 6685 today or during the rest of the week would signal long-term bullish trend reversal, given the pattern has developed at records highs.

On the higher side, only a daily close above 7K would open doors for a rally to record highs.
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