Market indices 20/50 dma - FTSE100 under pressure - update 26

A quick update on the FTSE100.  Today's downward move is putting the lower trend line placed on the chart under pressure, MACD indicator also looks like it is heading down. The 50 day moving average is 5761 and we have just gone below that. We have reached one of those moments where it is time to look for support points below and see if they hold. A breach of 5600 could see the current trend which began back in June coming to an end. Those interested in the long side need to be careful of taking any new positions while the current down move is playing out.

Chart:

FTSE100