The FTSE has lagged other major indices since the March lows but could now be set to play catch up.
Price still around the 50% retracement level and in a narrow 300 point range for the past month or so.
8/21 EMAs positive and a clean break above 6290 would pave the way for a breakout.
Possible targets the 61.8% fib at 6520 or the 78.6% at 7007.
I like long entries on a break above 6290 with stops below the daily low of the breakout candle.
Price still around the 50% retracement level and in a narrow 300 point range for the past month or so.
8/21 EMAs positive and a clean break above 6290 would pave the way for a breakout.
Possible targets the 61.8% fib at 6520 or the 78.6% at 7007.
I like long entries on a break above 6290 with stops below the daily low of the breakout candle.