[By NBC-1TV H. J Yook]Heading into this week the markets may continue to enjoy following through on last week's momentum to the upside. However, both the FTSE100 and Dow Jones are close to potential reversal levels.

If the reversal levels manage to prevent a trend continuation then chances are we may be setting up for a correction to the downside. Rather than predict a definitive move, the markets would be the key voice in providing the signals of turning bearish. The all important “trend” remains bullish and this should not be ignored as such. Given the recent bullish swings the indices appear to be setting the stage for a minor correction.

See Charts & Read Full Article: FTSE100 bullish start to the week but may be limited on upside