In my previous post on the 8th of May I mentioned that the FTSE was headed down to the bottom of the lower channel line with the next target of 5400 (see previous post). Well the market has done exactly that and more, so I’ve closed out my shorts this morning in anticipation of a stronger support level at around 5320. The last two or three weeks have been extremely profitable and I’ve picked up over 400 points in all.
