Dec'16 FTSE: Lower highs keep signals pointing to selling rallies
This week’s Dec'16 FTSE signals have been confirmed with Tuesday’s trading posting a third lower daily high in a row. Although the market has bounced for Tuesday to close unchanged, the sequence of lower daily highs highlights the willingness to sell into any strength. There may be a recovery, with futures trading close to their 50-day average rate, but signals remain negative.
Entry: Sell at 6790.0.
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