The FTSE100 price has been bouncing nicely inbetween a channel. Price action is currently outside of the channel and if it breaches the highs, then we could be going higher. Otherwise, if price falls and closes back into the trend channel, it's a big move down!
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Price did in fact close back into the price channel so play is on for a big move down. As of now, price is at 5880 so we're more than 100 points down from yesterday already.