Yesterday's US GDP was well below expectations, but the market rallied after the FOMC meeting statement. The Fed expects the economy to expand at a stronger pace and this gave a boost to the markets. But in China the situation is different, the country that will soon overtake the US as the world's largest economy is struggling to grow stronger. The latest Chinese manufacturing PMI was disappointing and this is why the FTSE 100 is not that strong this morning. The FTSE's final move up should be a fifth wave inside wave and because the trend reversal in the next few days is 75%, the FTSE is near important resistance.