Monday 14th December 2015 – Morning

Monday 14th December 2015 – Morning

The FTSE had fallen for 5 consecutive days so although the markets looked very bearish this morning, I was wary that we could be oversold and that a bounce was due. However, Friday was a strong downward trend day, so my initial plan this morning was to look for any pullbacks to resistance and to get short which is exactly how it panned out. I got in at 6007 and closed out for 20 points as shown below.

H009. FTSE MON 14122015 AM