FTSE100- Fresh selling on pullback likely
Two consecutive daily close below the head and shoulder neckline suggests the index is on track to test 6580 levels (H&S target)
July 4 high of 6612 could offer some support, although a rebound could be met with fresh selling
Short-term bearish invalidation is seen only if the index sees a day end close above H&S neckline level
July 4 high of 6612 could offer some support, although a rebound could be met with fresh selling
Short-term bearish invalidation is seen only if the index sees a day end close above H&S neckline level
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