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FTSE 100 still near two-year lows
The FTSE 100 rebounded from the lows, but the overall bearish view remains, having seen the price hit two-year lows yesterday.
The firm rejection of 7100 earlier in the week suggests that the sellers remain in charge, and it already appears that the bounce is fading. Descending trendline resistance continues to cap any upside, and until we move back above 6840, the bearish view remains.
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