Listing of the index of the 100 largest companies listed on the London Stock Exchange (LSE) in the second half of December 2017 broke the key resistance zone close to 7570, with which bulls struggled since May.
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After the new high was established at the beginning of the current week, the price of the index has been corrected, with each subsequent day, until today, closing at a lower and lower level. The continuation of the correction may lead the stock market back to the area at 7570, which has turned into support. In the vicinity of the area mentioned above we can look for buy signals, based on price action, which would allow us to join the prevailing upward trend.
