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The retreat from the recent highs is good news (a healthy correction) given the near 90 degree rally since mid-December, says Tim Young, day trader from Ayondo, but adds that things could get ugly if the index dips below 7000 levels. Young believes the bulls need a catalyst to push the index back to the recent highs. #FTSE100, #equities, #UK, #indices, #trading,#technicals, #markets