Weekly Pivot
5888 supports Bull move to
6100 this week with strong support at
5645 (16 June low). Up move has lasted 8 days with a rise 391 points to
6036. Summer low retest by Friday 15 July is the Bear target
. Looking for the FTSE to trade in a narrow range between
5900-6150 for the rest of July and August.
| Trade | Price | Stop | Target | Low/High | S1/R1 | S2/R2 |
| Buy | 5950 | 5920 | 6150 | 5999 | 6101 | 6213 |
| Sell | 6120 | 6150 | 5950 | 5680 | 5777 | 5563 |
| 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 |
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