FTSE 5698 to retest recent low 5644

Weekly Pivot 5711 supports Bear move to 5600 next week with strong support at 5427 (S3) for a summer low by Friday 15 July (within the next 1-3 weeks). 11% Correction since High  6105 on Monday 2 May.

Trade	Price	Stop	Target	Low/High	S1/R1	S2/R2
Buy	5600	5570	5760	5789	5755	5833
Sell	5760	5790	5600	5647	5633	5569

YEAR	HIGH	DATE	LOW	DATE	Points	DAYS
2011	6104	03May	5644	16Jun	446	32
2010	5801	26Apr	4790	01Jul	1011	49
2009	4517	1Jun	4130	08Jul	387	26
2008	6377	19May	5071	16Jul	1306	42
2007	6750	18Jun	6496	27Jun	254	7
2006	6133	08May	5467	13Jun	666	26