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FTSE 100 driven by the Fed minutes
Markets rallied after the Federal Reserve minutes but we have seen the FTSE run out of steam at 7533, the previous all-time high.
However, the market is arguably overstretched on the hourly chart, so a pullback towards the 7500 level could see fresh buyers come in. Small dips have been firmly bought this week, so it will be interesting to see if this pattern recurs. Only a push below 7360 would signal a potentially bearish development.
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