FTSE trades sideways to consolidate gains but no sell signal & we are not overbought yet on the daily chart.
FTSE holding minor support in between 7515/10 & 7488/84. If we continue lower try longs at 7460/50 with stops below 7440. A break lower risks a slide to 7400/7390.
Minor resistance at 7545/55. A break above 7560 runs in to important 19 month trend line resistance at 7590/7600. Bulls need a daily close above here for the next buy signal.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is negative