IMPORTANT MESSAGE. FTSE100 is very likely to get a clear daily downtrend Wednesday which means a sell signal and the end of the index uptrend since November 24, 2011.

This is the first real sign that the uptrend might be over soon for the European indexes. SWED is just behind FTSE in the trend development.

FTSE seems right now to get the falling 8 day MA to cross the 21 day falling MA on opening in Europe Wednesday at CET 09:00. At Tuesday close in the US the 8 MA crossed the falling 34 MA. The days trading ended with a spike that is a close at the bottom and the weekly 8 MA has turned down. If I am correct FTSE will not hold above 5.886 Wednesday.

The only fact that can stop the daily downtrend now at 02:50 is an unexpected rally in Asia or early European trading. So far Asia is calm. To confirm the down trend I would like to see FTSE close below 5.800 Wednesday or Thursday.