(Just my own little hobby/thoughts on FTSE, certainly not selling any crap: http://harryhindsightnews.com/2014/10/10/10-october-2014-ftse-update/) I’ve observed it often pays to keep an eye on the opening price – be it the opening price of the day, week, month, year. You may be surprised how often it serves later on as support or resistance – and it’s not my human mind playing tricks on me either – there are plenty of examples out there. Today provided one such example on the FTSE, which remains under selling pressure (but for how much longer?) Early morning buying proved unsustainable and, by lunch time, efforts to break above the opening level around 6360 ended in failure. I’ve been long-term bullish on FTSE in spite of the heavy selling, but I must admit the picture for 2014 is looking bleak. The last major level (year low around 6200) is within sight… But it is always worth zooming out to remind yourself of why I’ve been so bullish. Hopefully this chart speaks for itself – and it is worth noting a potential supportive trend-line being touched for the third time(?). Watch this space for a rebound to fresh highs (or catastrophic selling?):