FTSE above 5400 is over bought and looks like it needs a pullback to 5350 region before moving up higher into the end of the month.
BULL CASE
On 30min charts a BUY signal was triggered on 8th September at 5400 with a target 5460 and Stop at 5404
BEAR CASE
Failure to break and close above 5460 by Monday 20th September will be the trigger to Short the market. In the interim a move below 5400 will target 5350 and possibly 5250, if 5350 does not hold.
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