FTSE has closed below the weekly 20ema (5890). FTSE has only closed twice below the weekly 20ema since the start of the Bull run in March 2009. In Jan 2010 the FTSE fell another 200pts in 1 week and in May 2010 the FTSE fell 700pts over the next 9 weeks. Personally, I'm looking for a move down to 5500-5600, before a bounce into a seasonal High in May.
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