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FTSE in bear market

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE in bear market by Brenda Kelly It’s not a pretty sight with every single sector in the red this morning only serving to prove that yesterday’s bounce was a short-lived relief rally based on very little but hopes for more Chinese stimulus. Any traders who established new long positions yesterday are quickly learning that hope is a poor investment strategy. The FTSE is now on a rush towards the 5600 level led by downside in the materials and financial sector and the flight to government

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