For today I am thinking a quick rise at the bell to above 7400 (it hasn't sold off majorly overnight) and then a bit of a dip down from there. The bulls have failed to hold above 7400 and break the 7440 resistance level though it still remains that if they do we are looking at 7460 and 7500 resistance.
On the support side, 7350 still looks like decent support so a dip down today to that would look good and if it holds spring us back up for a stronger second half of the week towards 7500.
For today the 2 hour chart has gone bearish after the drop yesterday and is showing resistance at the 7410 level so an early short here should be good. The bottom of both the Bianca channels are between 7340 and 7350 so this area as a target for shorts, plus as a long area looks viable.
We have option expiry on Friday as well as BoE tomorrow - expected to leave policy unchanged but after that inflation report yesterday some will be pushing for a rate increase.