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FTSE 100 pushed up by the events in France
The French election result has turbocharged the FTSE, pushing it back above resistance at 7192, with an attempt at the next key level of 7253 already having been made this morning. If this gap up and move higher holds on above 7200 we could see another test of 7250, and then 7360 and 7380 come into play.
On the downside the 7090 level held last week, keeping the market above the January lows. We may well have seen the beginning of a new leg higher, potentially taking the index back, in the short term, to the all-time high at 7440.
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