Is the FTSE100 running out of momentum?

Interesting charts when you look at the FTSE100 this morning. We've got divergence occurring on the Momentum indictor and but still holding (just) on the uptrend line.  I cant help but feel that were going to have a pullback on after the consolidation.  Looks to me that we might head back down and test the 6550 level again on a break of the trend line or possibly down to the 6450 Fibb retracement.










I still would like to see more of a pull back to at least the 6150 area and retest the bottom of the channel before I think we can see further gains which are sustainable.






Charts sourced from IG Index