Index Review

Well the FTSE stayed strong for most of yesterday, awaiting the return of the US markets after the their long weekend. The US opened strong also, but as the trading day evolved, sellers emerged driving the US & European Indices lower. The FTSE is currently trading around the area of resistance (now support) noted yesterday, so direction from here is key, in that it may set the tone for the rest of the month or even the rest of the summer. No major figures out today, so the European indices may well be taking their lead again from the US when the markets re open this afternoon.

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About Simon Brown
Simon Brown has over 20 years experience trading Derivatives on everything from Gold, FTSE to Dollar/Pound. Simon has lectured in Trading Psychology, Strategy and Technical Analysis, in addition to regular appearances on CNBC television. He is now Managing Director of ProSpreads.

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