FTSE seems very likely to get a long term sell signal today.
The turning down of the 8 WEEK MA seems now highly likely after today's close at CET 22:00. We are now looking to add long term short positions as close as possible to 5.814. Now trading 5.785. A rally later from the US traders is what I am hoping for. This is my first call for long term short positions. Today could be very choppy with extreme rallies from the US traders. If a rally starts we will try to short that peak even if it goes well above 5.814. The only thing that can stop a downtrend the coming weeks is a close today above 5.861. There is also a possibility that the drop can start next week.