Sell FTSE 100 below 7344, Objective 7290 Short

UK 100 INDEXTVC

Description

⋅ Jul 11, 2017 7:37 AM

Weekly chart
Rejection at 5-MA followed by a break below weekly low of 7344 is likely to yield a pull back to 7290 (161.8% Fib ext.). A weekly close below 7290 would signal the index has topped out.
Stops could be place above 7360 (very tight stop).