On the daily chart it looked like price had just come off that lower trendline, however, the FTSE has been trading in a downward sloping channel on the hourly chart so I was looking to get short this morning off any pullbacks to key levels.

Shots fired and I’ve done exactly that getting in at the 6118 level, a previous level of support which hopefully will act as resistance in this case. Further confirmation before placing the trade was that the MACD histogram bars were beginning to decline and price was starting to head back down.