FTSE Weekly Chart

An interesting weekly picture on the FTSE, this week its retested it's weekly channel which it previous broke out of to the downside, yet its broken and closed outside the last remaining downward trendline in recent weeks ... I suspect tomorrow will hold the answers to whether the bulls keep control or if its a failed breakout and the bears take over, look for a close above 7410 for the bulls or below 7380 for the bears IMO... I can see why the ftse had a little bounce today from 7410 ...