The big question we are asking ourselves today is, is this a bear squeeze or an attempt to re-establish the 3 year bull market?
Our resistance levels of the last month of 5719 and 5749 have been well and truly taken out in yesterdays session.
Only 5800 stands in the way now for the bull story to be back on.
All markets overnight remain and stayed in positive territory so this will bode well for a positive open in Europe.
US markets performed well after investors focused on the possibilty of the Fed pausing on any further rate hikes.
We will open above the key 5800 level this morning the bulls job will then be to keep us above yesterdays high of 5805