This week (into the start of the next) will be key for the FTSE 100 direction for the remainder of the year.
A strong move up towards our think red line could signal that a medium term top is in place and a decent retracement is due on the FTSE 100 Index.
However, if the FTSE merely moves sideways to down it is likely to delay the final push up to December.
Patience is required for the next few days.
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