FTSE: 6810/05 Key For Today
Jason Sen | Sep 10, 2014 06:15AM ET
FTSE saw support at 6810/05 hold the downside perfectly & a high for the day at 6847/52 as predicted. 6810/05 is the key again today. If we can hold above & beat immediate resistance at 6828/32 we retest resistance at 6847/52. Again a high for the day possible but shorts need stops above 6860. A break higher could then target 6885/90 before a retest of last week's high at 6900/07 possible. A break higher this week then opens the door to 6945 & possibly a retest of December 1999 all time highs at 6995 in September.
Immediate support is 6810/05 but below 6800 keeps the market under pressure for a retest of good support at 6778/72. Any longs here need stops below 6765 as a break lower should target good support at 6750/47. Exit shorts & try longs with stops below 6735.
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