FTSE100

The FTSE completed a Gann squaring of price and time when it rallied 1800 points in 180 days.Such relationships often signal at least a temporary high or low.Friday was a weak day and the market looks poised to break the rising 10 point per day Gann angle from the lows .The FTSE250 (not shown) looks even more vulnerable.Smaller cap stocks are likely to suffer a flight to quality if markets correct.