UK 100 Index

FTSE 100 stuck at H&S, crowding out weak sellers?

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The positive action today may force one to question the breakdown seen over the past few days. however, in my opinion the positive move today is a bull trap. The index could be forcing out weak sellers. The doors remain open for a pull back to 7300.

Only a daily close above 7500 would signal the pull back has ended.

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