The FTSE remains trapped well below the 6,491-6,556 zone that I have been highlighting, and I am therefore short of the UK index, says Warren Firth at www.globalprimepartners.com.au.
In my view, there is unfinished business to the downside. Failing a definitive move above 6,566, I am targeting a drop to 6,125. Any further fall to 5,989 should then be used to buy the index aggressively. Cut losses on shorts only on a sustained move through 6,600.
