Whilst its still volatile, the bulls have managed to break above the 7215 resistance level overnight on the FTSE 100. That should in theory now become support and as long as the bulls can defend this level then a rise towards the next key resistance area at 7325 is possible. The S&P has defined the drop to 2610 yesterday and testing 2650 again. Ball is firmly in the bulls court. A break lower below 7215 leads back towards 7100.