Market indices 20/50 dma - FTSE100 - update 27

Another slow week on the FTSE100 as it seems to be deciding what to do next.  The positive side is that the downward movement that looked to be in progress a couple of weeks back seems to have stalled for now.  As can be seen by the daily chart below, the lower trendline seems to be holding.  MACD also looks a little more positive and the 20/50 dma crossover to the upside is still in place, but the ma's are now being squeezed as price gets closer to them.  We aren't seeing much action though. Something may happen one way or another fairly soon as markets tend not to stay inactive for too long.

FTSE100