FTSE - The picture from 2009

TVC:UKX   UK 100 Index
I have looked back over my previous longer term FTSE posts since 2009 and I still believe an ending diagonal
is in play albeit with a different wave count location.

This chart suggests that cycle wave V is well advanced and of course there are numerous options which will
dictate when it is complete.

Given the choppiness of FTSE over the last year I hesitate to suggest the end for wave V. However I will
predict that if and when the bold red line is broken at around 6543 the Bears Will be well awake and hungry.

Good Luck
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