This weeks recovery rally is spluttering, and sentiment remains bearish, FTSE 100 is being held down by the downtrend line and Bulls are getting tired, next buy level is 2775, watch and wait, I would guess that we will hit this level by the end of the week or Monday, I think this will be the low and we will see stocks pick up over the next few months in line with my last post on the FTSE index. Don't take my word for it, trade your own plan.
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looks like Monday, I have updated my Gold forecast to coincide with this.
We hit the buy zone at the end of todays session,we should see a strong Xmas rally now and hopefully print an inverted head , as shown here