As anticipated it turned out to be a fairly bullish day for the FTSE despite the dip towards the end of the day. I scaled out of my long position gradually, closing out half once I had 20 points in the bag, and the rest another 10 points to the good as the market pulled back following another MACD divergence.

The market seemed to hold around the 6062 level and I managed to get long again with further support from the 20 period moving average. The second trade was closed out for 15 points. After lunch it was a different story as the US markets dragged the FTSE down with the anticipated interest rate rise weighing in heavily.