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Will FTSE 100 turn lower despite recent rebound?
The FTSE 100 has punched higher in the second half of the week, coming off the back of what looks like a clear top for this market. The break below 7485 provides a clear bearish bias, which holds unless the price breaks above 7528.
That being said, with the price pushing through resistance, and the other indices looking particularly bullish, there is a reason to be less convinced than if we were looking at this market in isolation.