Seeing a lot of resistance on FTSE 100 at the 5,920 level, on both the daily and weekly charts. On the daily, it has struggles to push above that downward resistance line that formed from the 2011 top. And see how the support line from the June 2012 rally has become resistance, which the market was unable to push through this morning.
The weekly below also showing strong resistance at current levels. The bulls need to push through this decisively to resume the bullish run but having failed to do so on all previous attempts, i'm wondering if we have seen the top for now.
