FTSE 100 still has a chance to bounce
The FTSE has returned to the 7400 zone that has sustained bounces over the past month. A daily close below 7385 is a bearish development that could open the way to 7260 or even 7090.
There has been little sign of upward momentum over the past few days, with a steady drift lower. Nonetheless, if the 7377 level holds then a bounce is still possible.