The FTSE Still flirts with a breakout and this area may prove to be a decent selling opportunity. We are at or near the higher end of the range. The big thing here is WHY? We have seen the markets weaken off the back off specific incidence recently and it appears, so far at least, that those incidence do not exit today. I will be looking to see if initial weakness is bout up around the 7660 level. If we hold here we could end up with a morning of low volatility. The 7660 needs to be watched though, as a close beneath this level could make all the difference for a downside move.
