hilsdentrading

Feeling toppy, 7005 7030 resistance

Short
TVC:UKX   UK 100 Index
We have the Fed rate decision later, expected rate rise to 0.75%. The FTSE will likely be fairly flat today, but has resistance at 7005 and 7030. 6975 which was the Hull 100 moving average on the 2 hour chart has capped the Tuesday bull run, though bulls will be keen to keep the momentum going with 6950 support. Below that then 6860 is daily support for the moment.

With the Dow nearly at 20000, traders might be a bit hesitant to pile in longs around this level, instead waiting for a clear break.

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