Ftse

[TBS]

FTSE100 cash looking weaker as 5140 is broken today:

Futures PnF chart shows the speed of the drop in terms of congestion areas

All in all not good, the only saving grace is Dow holding 9800 and the speed of the drop, which would allow for some retracement.

 

[chester]

Interesting looking chart. Thanks for that.

 

[TBS]

The point& figure continuance to the previous charts:

Please note, a good rise from the well tested base at 5040, has closed right on the resistance area of 5160 - have a look at the previous chart for comparison. Also, note that on ftse cash, 5140 is a significant level, ftse closed at 5136, so this could very easily be a retest ready for the next leg down.