FTSE is the most important chart for showing the way for the global markets and is closer to its critical point - at 6.643.75 - than any other index. Remember that the critical point measures the monthly closing point and it must close Februari above that line for the bull market to have a chance to continue.

Day. It has closed above its 200 MA which is a sign of strength and it is far above its sideways moving 8 MA. The falling 21 MA which also is resistance has not yet reached 643.75 or 642 in the monthly chart. You will hear a lot about "642" during the coming weeks.

2 hr. The falling 200 MA has not reached 642 yet in the 2 hr diagram