The FTSE 100 index traded to an all-time high at 4082.00 yesterday (Feb 16). It immediately came under selling pressure which took this market lower to 7971.50. From there, there was another rally attempt only to fail at 8024.50. All this happened within the same day.
Overnight, this index once again came under pressure following the overnight weakness in U.S. equities.
Should a rebound higher towards 8007.00 materializes, a selling opportunity may presents itself.
Sell Limit @ 8007.00. Limit Sell Order Filled @ 8007.48 Fri, Feb 17, 18:00pm.
Stop @ 8050.00
Target @ 7920.00.