Where does the FTSE 100 currently stand?
Simon Denham at London Capital gives The Economy News a FTSE 100 technical update: “This morning the market remains undecided as to whether Monday’s move higher was a legitimate breach of resistance on renewed buyer volume or simply a bear squeeze. “As mentioned already this week there has been a build up of sellers below the 5300 level and so many of their buy stop orders could have contributed largely to the move higher on Monday, so after yesterday’s small decline we now find ourselves in a state of flux pondering what the next move should be.
