FTSE first resistance at 7505/10 but above 7520 targets more minor resistance at 7535/40. Above 7545 (which actually held on Friday) could retest the 7586/89 all time high. Just as important is 8 month trend line resistance now at 7610/20. Shorts need stops above 7640 to target 7690/7700.
Minor support at 7480 but below here targets better support at 7460/55. Below 7445 risks a slide to 7418/13 and the 7395 low before good support at 7380/70. Watch for a bounce from here. However if we continue lower expect very strong support at 7335/25. Below here we would need to hold the 100 day moving average at 7285/80 for bulls to remain in longer term control.