FTSE key to direction is obviously 38.2% Fibonacci resistance at 7195/7200. Above here retests the high for the bounce so far at 7247 then we target very strong resistance at 7295/05. If this holds we have confirmation of a bear market.
Failure to beat important resistance at 7195/7200 targets 7125/20 then support at 7075/65. Failure here risks a slide to important support at 7000/6990.