FTSE 100 index faded spike to 6880 and ended the day largely unchanged on the day at 6817. The Wednesday’s candle is a Doji. The retreat from 6880 also ensured the sideways channel on the hourly chart remained intact. Once again, we await a convincing breakout. The daily MACD has turned positive and a back to back daily close above 6800 means the increased likelihood of the bullish break.