FTSE 100 very hesitant
The FTSE's rally off yesterday's lows failed to take out its daily high above 7380. Overall the price has failed to push above the 7400 area that marks resistance.
However, the bears have yet to take out the 7259 low – it needs a close below this level to suggest that more losses are in store. For now, the rally is still intact, but pre-Federal Reserve meeting hesitancy has dominated all week and could continue to do so today.