Now that we have the US elections out of the way the markets have reacted with a positive tone prior to the outcome. But the real test is to see if the rally will hold or fade out. Although it is difficult to say how investors feel about the outcome the charts are suggesting that we may see a significant move soon. The reasoning is that up until the elections we have seen a consolidation pattern develop and a breakout is required to resolve the indecisive phase. With breakouts the moves can be swift and volatile in some cases. Once the breakout occurs there could be a trend continuation or a trend reversal at hand. See key levels below:
FTSE 100 back at 5900 again Taking a lead from the US markets the FTSE 100 has managed to remain above 5830 again ...
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