The lows of 5750 have held from yesterday and we are back above 5800 now – looks like there was a spike down on open to take out a few stops so I am expecting more bullishness today. The 4 hour is certainly looking more positive and thanks to the price action tips posted by Jon on the comments section of yesterdays post, looks like we will be heading up. Thanks Jon! Barclays is rising today so someone is optimistic that the debt issue that is suposedly going to drop stock markets by 35%, and hammer banks, isn’t going to materialise. Usually when you start seeing headlines like that in the papers it is a red herring to shake people into selling so the institutions can pick up the shares cheaper than last week! Wouldn’t be surprised for the bulls to really kick in and add 1000 to the FSTE between now and the end of the year. In fact, while I have been writing this post the FTSE is now up 25 from the spike down point!