FTSE 100 showing some weakness
After hitting a peak around 6940 yesterday, representing an approximate 3% gain for the index since last Friday, it has not been surprising to see some weakness this morning.
So far, however it does not look like we will see this trend reverse. That would require at least a move below 6820. If the price holds above here then the next target will be a move back to 6940 and then on to 6960. Dips have been firmly bought this week and this remains our expectation for price action for the time being.