Steve O'Hare of First4trading is shorting the FTSE 100. He expects the index to continue lower towards the previous support at 6075 and is looking to sell with a stop above 6435 and a target at 6075.

Looking at the weekly chart O'Hare says that the price action is stalling in front of the ichimoku cloud resistance near the 61.8% Fibonacci retracement and that momentum is stalling as selling interest has re-emerged.

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