FTSE 100 bounces from 7600 support
The FTSE 100 sold off sharply yesterday evening, with the price falling into the 7600 support level. That level represents the previous all-time high from early June.
A break below that level would have pointed towards a retracement of the wider 7279-7796 rally. Until we break below 7600, there is a chance we could bottom out from here. The key confirmation signal to such a move would be a rally through the first swing high at 7709.