My thoughts going into this morning’s session were as follows:

• On the daily charts, the FTSE had clearly broken out of the triangle pattern to the downside, then pulled back up to retest the bottom of that triangle before declining again yesterday.
• On the hourly chart, the FTSE broke out of the downward channel to the upside, only to head back down to retest it, bouncing up off the upper trendline.
• Overnight the FTSE had recovered from yesterdays lows, and I expect the FTSE to be range bound for most of the day. The plan of action was to short any pullbacks to key levels.

Took a short at 6085 as price pushed up to re-test the intraday support and resistance level at 6088, which was closed out for a healthy profit.