FTSE Intraday Set Up for 27th September 2011

FTSE Intraday Set Up for 27th September 2011

Here is something I’m watching for Tuesday.

When the backtest combined with all those MA’s come together at approximately 5209, price’s reaction could well hold clues for the direction of the next leg.

If we break through this confluence of resistance in one go, that could be pretty bullish. Well worth watching as there could be opportunities for trades in either direction. Keep an eye on lower time frames to get a better picture of likely strength or weakness.

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