FTSE must close the month of August above 5.937 otherwise the 21 month MA will turn down. A monthly close below 5.702 will make the technical picture of FTSE a bear market. FTSE monthly high for August is 5.876.75. Now trading at 5.821. The daily trend is on the verge to turn down today or tomorrow because the 2 hour trend is down with a broken support.
Maybe this is the first sign of stop for all indexes up trend. And also the beginning of a very long term downtrend. FTSE has many times been the first index to show a change in the very long term trend.
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