Support at 8242, resistance at 8932. However, have a look at the bottoms in 2002 and 2003 the long lower candle wick indicated the beginning of support that eventually morphed into a long term tradable bottom.

If we bounce here we may get a period of weeks that move the index higher. I doubt though that we go straight up from here, that spike low will get re-tested in the future. 19 October

We retested the low area during a very volatile week. A move above 8932 signals a move to 9401. I have a weekly gap at 10200ish area. A move below 8242 opens 8021 and possibly 7528.

Slightly different chart this week showing the extreme support. With the comments from the weekly chart in mind look for the upper arrow to be approached.

19 October

We stay with the bigger picture daily chart.

I have arrowed support and resistance. FTSE may see a bounce from around these levels but I suspect it will be a weak affair in the current scale of moves.

19 October

A nice set up, the support and resistance are arrowed, if they break look for the move to extend to the next arrowed area. It looked like forced selling on Friday.

19 October