Technical analysis for 9th December 2025
FTSE100 Bias
- TODAY'S BIAS: BEARISH (INTRADAY) / SLIGHT BEARISH (DAILY)
- Why
- Price is below the Daily Pivot (9,660).
- Below all intraday EMAs (10/25/200) → clear short-term downtrend.
- Daily chart rolling over from rising channel top.
- Momentum weakening (RSI ~45).
- Lower-highs and lower-lows forming on 30-min.
- Bias Rules
- Bearish while below: 9,660
- Very bearish below: 9,620 (S1)
- Only bullish above: 9,676 (R1 reclaim)
- Expected Behaviour
- Sell rallies toward 9,660–9,676
- Breakdown continuation if 9,620 fails
- Buy interest only lower at 9,594–9,566
S&P500 Bias
- TODAY'S BIAS: STRONG BULLISH (STRUCTURAL), BUT NEAR-TERM PAUSE
- Why
- Still above all major EMAs → structural bull intact.
- Higher-high trend remains unbroken.
- But short-term momentum cooling; micro pullbacks forming.
- Market waiting for fresh catalyst → digestion phase.
- Bias Rules
- Bullish while above: Daily EMA20
- Pullback zone: EMA20–EMA50
- Bearish only if: Daily closes under EMA50 (not close yet)
- Expected Behaviour
- Slow grind higher OR sideways consolidation
- Any dip still expected to attract buyers
- Shorting only valid on confirmed reversal patterns
DAX40 Bias
- TODAY'S BIAS: BULLISH (MEDIUM-TERM), NEUTRAL / SOFT BEARISH (INTRADAY)
- Why
- Medium-term trend still strong and bullish — DAX remains Europe’s leader.
- But intraday structure is showing loss of momentum, mild distribution.
- Price stalling below recent highs.
- Sensitive to any weakness in US futures.
- Bias Rules
- Medium-term bullish
- Intraday bearish
- Bullish continuation only if: New highs break cleanly
- Expected Behaviour
- Two-way trade today
- Buy dips still valid on bigger timeframes
- But intraday rallies may be sold unless S&P firms
The bulls failed to get it as high as the Hull MA yesterday so that still remains valid resistance for today, and it is now at the 9660 level so any rally to this area is worth shorting. That also links in nicely with the R1 and 200ema 30m at 9675 to lend weight here. A rise and dip from here would play out well for a bit of a bear Tuesday as we head towards the BoE tomorrow and FED on Thursday.
9620 remains the key support and we have seen a modest bounce overnight from this level. A second test in hours today may well see the same so worth a long here, but if the bears break below this then look for a test of the key fib at the 9582 level, and just bee S2 at 9593. The daily chart remains bullish though the price has now dipped below the 25ema so the bulls will be looking to mount an attack soon - probably later this week.
The DAX40 and S&P500 remain more bullish than the FTSE100 at the moment, which is being dragged down by sentiment currently. If the bulls continue keeping them up though then it may well drag the FTSE100 up as we head towards the Christmas break.
For the bulls if they can break above the 9675 level then a rise to test the 9703 R2/9708 key fib area may well play out. That said, I am inclined to go with the 9675 capping any rises today and a bear Tuesday playing out.
Good luck today.
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