FTSE 5715 Summer low expected in the next few weeks

Weekly Pivot 5725 supports Bear move to 5600 next week with strong support at 5400 for a summer low in early July,  giving a total correction of 11% since the High of 6105 on Monday 2 May. Full moon on 16 June marked the current low 5644  with a target 5371 (S3) by Thursday 30 June or Friday 8th July

Trade	Price	Stop	Target	Low/High	S1/R1	S2/R2
Buy	5600	5570	5800	5822	5810	5905
Sell	5770	5800	5600	5644	5632	5549

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