FTSE weekly technical analysis 16 to 20 may 2016 FTSE 100 index this week closed at 6138. On weekly chart, ftse trend and momentum both are bearish due to correction. My first downside tgt 6060 is achieved now next tgt is at 5880. Below 6250, ftse future will remain sell or bearish and use bounce backs to go short for tgts 6060 and then 5880. From long term view, FTSE failure to cross 6200 means very bearish signal and in 2016, thismight show lower levels up to 5920 to 5600 levels.