FTSE bounces from key support, pointing to further gains
The FTSE may be moderately lower today, however this is likely to be short term as long as the price remains above 6808. That key support level represents the May swing low, and given the break back through it yesterday, today’s retest is a bullish signal and would have been a great entry for those that managed to get it. Nevertheless, I can still see further gains despite the Greek worries, and believe we will see a strong move higher over the coming week. A break back below 6808 would invalidate this view.