This is when the technicals on the charts of Financial spread betting turned Bullish and we can see that on this particular chart we can see that there was a nice rise from December and we had a bit of a correction in January and then we made a double top in February.

When in Financial spread betting we declined in January, we actually found support at 5860 at that point that wasn’t that relevant, but it did become relevant quite a few weeks later. We had the decline in January, we move up and we made a double top at just above 6100. Now this is termed as Minus Development. Minus Development is basically where the market hits a certain level and it fails to develop beyond that so we can quite clearly see on this chart, this is a daily chart of FTSE, that the market was unable to get through 6100.

>>> General Tips for Spread betting