FTSE Forecast October 8, 2014, Technical Analysis

The FTSE fell during the session on Tuesday, as the market continues to grind back and forth in this area, looking for a reason to go higher. The area is the bottom of a larger consolidation area, and as a result we think that the buyers could come back into play down here, and try to reach the top again. No matter, we think it will be choppy to say the least. The 6400 level below is the bottom of the consolidation area, so we are certainly aware that this could be an interesting level to watch.