FTSE signals point to temporary pullback
This week’s signals have pointed to staying square on the open, but to buying into any expected weakness. Monday’s 75 point selloff is so far confirming this view, investors taking profits following a strong over 1000 point rally since June’s 5675.0 base.
Signals for Tuesday are pointing temporarily lower.
Management and risk description
Allow room to sell rally and lower stop to entry if the 1st target is met
Entry: Market and 6665.0.
Stop: 6688.0, this week's opening trade.
Target: 6558.0, the 15th July low, but to probably no further than to 6540.0, the 11th July base.
Time horizon: Today only.
— Edited by Adam Courtenay
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