Ultimately the conclusion of this weekends Brexit talks will dominate how the FTSE moves next week.
IF there is not a positive conclusion to the talks, then the Sell set up looks primed, we have the following confluences;
- RSI bouncing off 70 - Momentum Divergence - Momentum Weakening - Bearish Engulfer - Market broke the previous Post Covid high last week, with the above factors, it suggests the rally is over extended
UPDATE*** Just announced - EU Brexit talks to continue into next week, hardly surprising, but likely invalidates the above
@JBUK100, Agreed mate, it will likely be a week of further talks with little progress, but the fact that talks are continuing in any capacity will be enough to boost the market in the short term.