FTSE hit our target of 6480/70 for a buying opportunity & this hold the downside perfectly. However we are lower this morning & a break below 6464 confirms a sell signal. We should then target 6440/35 & may be as far as 6405/00. Below here we meet good support at 6375 & should see a bounce from here.
Resistance at 6490/95 should hold a move higher but shorts need stops above 6515. A break higher could then target 6530/35 before yesterday's high at 6555.
Weekly outlook is more positive this week & above 6605 can target 6645 but we should struggle here. Any retest of the 6485/65 area is a buying opportunity but below here risks a slide to good support at 6375/70.