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Short Footsie 100


Incoop5

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  • 3 months later...
  • 2 weeks later...

Im short 7155 with a stop at 7220. We have broken 7130 support in the last couple sesions and I think we still have not seen the last of the downside.

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The pound is what is causing the FTSE to sell of, hence why it is a good correlation. 7200 is strong resistance for now, but it will inevitably break higher as this is a statistical fact, fundamentals are still strong and talks of repealing dodd frank will help boost bank shares which will lift the ftse higher. 

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