_SML28-07-17.png/jcr:content/renditions/original-size.webp "FTSE chart")
_LRG28-07-17.png/jcr:content/renditions/original-size.webp "FTSE chart")
_SML28-07-17.png/jcr:content/renditions/original-size.webp "DAX chart")
_LRG28-07-17.png/jcr:content/renditions/original-size.webp "DAX chart")
_SML28-07-17.png/jcr:content/renditions/original-size.webp "Dow Jones chart")
_LRG28-07-17.png/jcr:content/renditions/original-size.webp "Dow Jones chart")
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FTSE continues to drift lower
The FTSE is declining once more this morning, following a flatlining low and failure to create a new high. That is worrying, and a break back below 7356 would point towards significant losses.
However, for now, it is worthwhile watching for a potential period of consolidation, with the 76.4% retracement below at 7387. Given the somewhat sideways nature of recent price action, the stochastic could become more useful, with a break back above the 20 mark providing a bullish short-term signal.
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