My 'gut' is saying the same as yours. That whole longer term R area round 1400 has not really been 'rejected' and it looks as if the little ledge here on the daly could be setting up for a push at it. Guess we'll know soon enough.
The FTSE opened up over a key level (though it had previousy closed banging its head against it) and has been going sideways this morning sitting on top. I'm not sure about the other European indexes, I'll take a look at the
DAX later.