AMUNDI MSCI UK IMI SRI PAB
UK100, like many other equity spaces rose. However it lags the US counter part in its upmove. If one observes on 25 Feb SPX was around 4300 which is now at 4500 while UK100 has not made that kind of a progress. Markets move for a reason. This under performance can continue or alternatively if SPX corrects some of the recent gains as it is closer to the supply...
FTSE still above 200 DMA relative to NIKKI, DAX, DOW. That warns if it is leader, or lagard in waiting. We had HnS break out yesterday, how ever, this morning rise is an opportunity to short if not already one in hand. The supply zone from the previous base and the downward slope from the recent high both vertex around the 7630-40 close area or one can assume 7610...
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