FTSE100 could continue its consolidation phase till US election results – Ayondo

Tim Young, day trader at Ayondo believes traders are likely to take some money off the table, leaving the UK’s FTSE100 index in a sideways pattern as focus shifts to US elections. Young says the intraday charts have little to offer given the index has been restricted to a narrow range. “However, weekly chart still looks bullish”, he says. Young is interviewed by Tip TV’s Zak Mir.