FTSE 100 stumbling a little
Yesterday’s bounce carried the FTSE from oversold levels back towards 7500, but the rally stumbled around 7480. So far there is little sign of a push higher from here, but it is only a short distance back to the all-time highs and resistance just below 7540.
A move lower from here could find support at 7409 and 7385. If 7480 turns out to be the first lower high, then we may see a bigger drop, down to 7260 or lower.