The FTSE 100 is building some support as expected and if you went long at 6830 it’s important to be aware that the FTSE 100 Index has several trend lines to contend with before getting into the position to be able to make a new high.
Our medium term calculations still show that the downwards correction is not complete and the most likely time for it to complete is early next month (unless there is a quick snap down before).
Today (after close) could be key with the Fed announcing it’s interest rate decision.
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