SHORT Sell FTSE 100 below 7344, Objective 7290

FTSE 100 weekly chart

download.pngRejection at 5-MA followed by a break below weekly low of 7344 is likely to yield a pull back to 7290 (161.8% Fib ext.). A weekly close below 7290 would signal the index has topped out.
Stops could be place above 7360 (very tight stop).

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