TXMD Long Interesting SetupWhy would we waste time writing when there is a chart that says so much more.
Tocks
FTSE 100 – Rejected at confluence of trend lines, bears reinforcThe mining-heavy index failed to cut through – resistance offered by the rising trend line drawn from Brexit referendum low and descending trend line drawn from Mar 21 high and Mar 30 high).
The failure to take out the key trend line hurdle and rejection at Jan 16 high of 7354 if followed by a break below 7321 would open doors for a sell-off to the head and shoulder neckline level of 7260.
