FTSE through minor resistance at 7430 to test stronger resistance at 7445/50 and the main challenge for bulls today. Bulls must beat the 2 week high at 7470/73 to retain control this week targeting 7496/99, perhaps as far as 7520.
Failure to hold above 7440 risks a slide to 7430/20 but expect strong support at 7400/7395. If we continue lower however look for a buying opportunity at 7375/65, with stops below 7350.