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Short

FTSE 100 Finding Further Weakness

TVC:UKX   UK 100 Index
Last post: May 7th 2019. See chart.

Review: Price was showing short-term weakness and was at the daily 50 simple moving average .

Update: Since then price has shown further weakness and is approaching a strong monthly support level .

Conclusion: We need to see how price reacts to this support level . A break through support and we may see further weakness. A bounce off support and price may resume the uptrend.

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