DOW and FTSE day and 2 hour chart below. Last week in the month is coming up and it will be exiting because the 8 day MA:s will now show if it is the end of the uptrend or the beginning of a downtrend.

Dow closed Friday at the bottom which indicates an eventual end of the uptrend. There is a double top and only a new top can stop what could be the beginning of a downtrend next week. The 8 day MA can turn down any day this week. Here below is the 2 hour trend with the drop the last 2 hours Friday.

This is FTSE day chart where the close came in below the 8 day MA. Will follow Dow in all movements this week.

Here is FTSE 2 hour trend that is weaker than the Dow but will follow next move in trend with Dow 2 hour chart above