10/05/2012

FTSE is the most important index which often shows the way for the next big movements for all indexes

FTSE can get a bear market signal any day from now on.
The index has a very important R point at 5.547.75 for a daily close. Wednesday's close was 5.523. Today's range has been 5.515 - 5.552. Now trading 5.523 which means the first test of the R point did not succeed.
The daily trend is down but a rally can technically reach 5.672 where the falling daily 8 MA is right now.

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