FTSE sell-off gathers pace
The FTSE has managed to break lower from not only its range, but also trendline support. It looks like we are seeing a retracement of the rally from the 6767 swing low, pointing towards a possible bounce from the 6852-6876 mark. We have seen no bullish reversal signs and thus for now there is a strong likeliness we will see further downside.
However, we would need to see a break below the 6767 level to negate the medium-term uptrend. As such, be aware we could see a bounce around the corner.