SEP'17 FTSE - signals point to temporary recovery

​ A strong trend of lower weekly highs has kept this week’s signals for FTSE pointing lower, but with daily sentiment oversold near 7246.0, a 62% pullback to the entire Apr-Jun gains, the call is to stay square to start with and to either sell the rally at a 38% recovery, or down through June’s low. Monday’s trading was trendless however, sentiment trading sideways for an unchanged close. Signals are not strong, but a developing trend of higher daily lows has left a cautious and temporar...