FTSE neutral Doji in severely overbought conditions triggered further losses to strong support at 7510/00 and we bottomed exactly here.
FTSE bottomed exactly at strong support at 7510/00. Longs need stops below 7485. A break lower targets 7440/36.
Longs at strong support at 7510/00 target 7530, 7545/50 and resistance at 7565/70. Watch for a high for the day. A break higher however targets 7595/99 then 7620/25. A break above 7635 retests important resistance at the 2019 high of 7663/66.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is positive