FTSE Forecast October 3, 2014, Technical Analysis

The FTSE as you can see fell hard during the course of the day on Thursday, slicing through the 6500 level like it wasn’t even there. Because of this, it appears of the FTSE will continue lower, probably heading to the 6400 level in the short-term. Ultimately, we believe that every time this market rallies, it will offer a selling opportunity. If we can get below the 6400 level, is probably not a whole lot to keep this market afloat anymore and we could see a significant sell off at that point in time.