FTSE100: Testing support, but long-term trend remain bearish!

FTSE100: Testing support, but long-term trend remain bearish!

• FTSE100 is showing some positive signs of support at key old cloud chart support zones of 6678/6617. 
• Downside risk towards 6459/6315 remain in place.
• Price action is below the cloud both on daily and weekly chart, and this confirms the bearish outlook. Short-term swing trade possible back up to the bottom of the cloud chart as well as 7137  resistance zone. 

  The FTSE100 index is now down more than  900 points since the initial sell signal! A tasty short, as they say!
Any relief rally will be used to short the index again at key resistance zones!