Friday 18th December 2015 – Morning
We saw the FTSE 100 index bounce off two levels overnight, support at 6045 and resistance at 6100. Pre-open the market had dropped back down to 6062 level and the plan of action was to short any pullbacks to key levels marked on my chart. The market raced up to the 6100 level immediately at the open and I waited till it seemed to running out of steam before getting in short with the MACD histogram bars shrinking, indicating a change in momentum.