FTSE to turnaround?UK100 - 24h expiry
Price action has stalled at good resistance levels and currently trades just below here (7550).
We expect a reversal in this move.
A move through 7500 will confirm the bearish momentum.
The measured move target is 7350.
Momentum is flat, highlighting the lack of clear direction.
We look to Sell a break of 7500 (stop at 7540)
Our profit targets will be 7400 and 7375
Resistance: 7550 / 7575 / 7600
Support: 7500 / 7350 / 7300
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