FTSE

Bad day for the bears and hard to rationalise in terms of the fundamentals but barring a really bad day tomorrow we will be looking at a bullish inverted hammer on the weekly chart,and this coming after the very bearish monthly November candle...go figure.Red pitchfork in second chart does offer resistance and we are still below the April peak.However we are entering the silly season...strong seasonality and thinly traded markets that will be even easier for the Fed to manipulate.........