The evening wrapper, Monday, April 20th

The FTSE was one sided today, blowing down through each support level and breaking below the 4000 mark.

While London closed at 3990, after hours the index reached down as low as 3953, and found consistent support in the 3960s.

Several ambush short trades set up during the day. For example, between 8:20 and 8:50 UK time the FTSE was hovering between the 4090s and 4110s. This levels represented a 50% to 78.6% retrace from Friday's after hours high of 4120 and the pre-open level of 4070.

I have noted the ambush short levels in a orange circle: apart from the one mentioned, all others occured in the 50% to 61.8% retrace from the previous high.