FTSE bounce from our buying opportunity at 7465/55 reaches 7497 as I write. There is a good chance the correction is over after a 280 point drop. Further gains target 7510 then first resistance at 7525/30. Watch for a high for the day but shorts may be a little risky now. If you try stop above 7545 and look for a test of strong resistance at 7570/75.
Try longs on any move towards 7465/55 with stops below 7440. An unexpected break lower is a sell signal targeting 7420/15 and minor support at 7380/75.