TipTVFinance

FTSE100 – Eyes 6600 levels

TVC:UKX   FTSE 100 Index
A minor rebound to 6724 levels was quickly undone as anticipated in the morning update. The index is likely to end on a weaker note, more importantly below the H&S neckline, thus marking back to back close below neckline support.

Thus, doors are open for a decline to 6600 levels.

Bearish invalidation is seen only if prices end the day back above H&S neckline level.
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