FTSE100
Reversal signal was generated on yesterday’s Hammer on today’s higher opening that so far extended to 7344 (above pivot at 7333, Fibo 61.8% of 7382/7254 pullback).
Signs that correction from fresh record high at 7382 (01 Mar) is over after yesterday’s spike to 7254 (Fibo 61.8% of 7175/7382 upleg) and subsequent strong bounce, shifted near-term focus higher.
Today’s close above 7333 is needed to confirm scenario and re-focus 7382 target.
Firm bullish setup of daily studies supports the notion, with rising 10 SMA offering immediate support at 7322 and ascending daily Tenkan-sen (7306) underpinning the action.
Conversely, filling today’s gap and close below 7306 would weaken near-term structure.

Res: 7344; 7352; 7371; 7382
Sup: 7322; 7306; 7285; 7275