Since the covid market sell off the FTSE100 has been in recovery mode grinding its way back up to pre covid levels.

Along the way have been a few sharp drops which has now formed an ascending support line.

Looking at the cyclical and technical picture we are due a corrective dip down. We have multiple support levels at 6600 including the ascending line.

Fyi - I trade the long side only and will likely get back long at the 6600 target price