FTSE 100 could see 50-day SMA
The gap up and push higher sees the index recovering much of the ground lost at the end of last week, as the longer-term uptrend reasserts itself.
Crucially, the index is holding above the mid-September lows, while the first oversold reading on the daily relative strength index (RSI) since June has been met by fresh buying.
The next target area may well be 6895, the 50-day simple moving average (SMA). We may see some weakness ahead of the election, potentially filling in some of the gap higher, around 6700.