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FTSE100 – bigger rising trend line support at 6925

TVC:UKX   FTSE 100
Despite having breached breached a smaller rising trend line , it is too early to call bullish invalidation, given that a larger trend line support around 6925 is still intact.

Only a daily close below 6925 would mean a short-term top has been made and the index could revisit 6600 area in the near future.

On the other hand, a rebound from 6925 followed by a break above 7000 levels would signal a revisit to record highs.
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