As per my previous post, the FTSE is trading well within a range at present. We have bounced off the bottom of the channel so the coming week is key.
We should see a push up slightly, however, a drop below the lower channel support would be very negative and could lead to a drop out of the range to around 5600.
As previously posted the S&P 500 broke out of it's trading range and pushed up over the past few weeks. We were due a well earned breather which we have no got. I have seen many posts now calling for a retest of the March lows, which in my opinion is madness. We WILL NOT retest the March lows.
We are approaching the top of the channel which will act as a key...