FTSE 100 – more weakness ahead?
The FTSE is now testing the bottom end of the support zone that has prevented further downside since mid-May. A close below 7370 on the four-hour chart would be a signal that more weakness is ahead, potentially taking us to 7260 and then 7090.
Any bounce needs to clear the sequence of lower highs that has prevailed since the beginning of June. This would need a move above 7490.