FTSE100 - where next?

FTSE 100 has bounced a little from the falls of last week, is it of the dead cat variety before falling further or a signal that it still wants to go higher? The FTSE hasn't fallen as much as the US markets and even though we have a 20/50 crossover to the downside on the chart it could be leveling off and hasn't been that steep. MACD is also heading upwards, but is still below the zero line. The chart still looks negative, but could go either way at the moment.

And we could be setting up for a Santa rally.

FTSE100