FTSE 100 Gartley pattern....but watch the US markets and NFP

The chart below of the FTSE 100 is setting up for a potential Gartley short at 5888-5900, this also coincides with a previous swing high and round number. This may be a trigger area for a short position into a potentially seasonally bearish period. However, the DJIA cash market has taken out its highest high point for the past 5 years, the S&P has yet to follow. Not many analysts have a strong and clear directional bias on the equity market, so any trading decision will be discretionary and according to your rule book. One thing is for sure, when investing it always pays to buy and hold rather than convert to cash. Many retail investors are being sent reports to bank profits of the rally we have had in April. This is down to positive US data but weak Chinese and Euro data. 

Happy trading on NFP week and the UK bank holiday :)