Technical analysis for 6th January 2026
FTSE100 Bias
- BIAS: STRONG BULLISH (BREAKOUT ACCEPTANCE)
- Above 10,000 and holding → major psychological acceptance.
- Rising daily channel intact; pullbacks remain shallow.
- Intraday structure = bullish flag above the daily pivot (~10,010).
- Bias: Buy dips / continuation. Avoid countertrend shorts unless a clear failure back below 9,980–10,000.
- FTSE stance: Leader, momentum intact.
S&P500 Bias
- BIAS: STRONG BULLISH (GLOBAL ANCHOR)
- Firmly above daily EMA20 & EMA50.
- Early-January flows favour trend continuation.
- Low volatility → grind higher more likely than reversals.
- Bias: Trend-following longs; dips are opportunities.
- S&P stance: Primary driver of global risk.
DAX40 Bias
- BIAS: BULLISH CONTINUATION
- Higher highs / higher lows remain intact.
- Above key daily EMAs; dips corrective, not impulsive.
- Benefits from FTSE strength and supportive US backdrop.
- Bias: Buy dips; breakouts acceptable with confirmation.
- DAX stance: Strong, confirming Europe.
Simple FTSE100 Roadmap for the Day
- Above 10,000:
- Buy pullbacks, trend intact
- Above 10,051:
- Look for continuation to 10,078 → 10,120
- Below 10,000:
- Step aside or scalp toward 9,980 / 9,950
We got the dip and rise yesterday with the bears taking it just below the 9980 level, but the bulls are still in the hunt for a test of the 10060 level, which looks like it will get tested today. The FTSE100 is just sat on the double top area at 10051 as I write this, which was the most recent high over the Christmas period.
For today we could see a bit of bear Tuesday kick in later, if the bulls manage to get a rise towards the 10078 level and a test of R2. Generally it is still all bullish across the board, but R2 also aligns nicely with he top of the 10d Raff channel so a drop off from here would certainly fit the charts well. Above 10078 then R3 at 10126 is next up, and ultimately we have the 10230 daily level of note above that, though unlikely today!
For support then the 10003 daily pivot is the main one to watch, with 9965 below that where we have the 30m 200ema and a double bottom with yesterday. The bulls will be keen to defend the round number though so we may well see the 10000 area hold. Lower down then the key fib at 9941 is the next support to look for.
The 2h charts for the S&P500 and DAX40 have also firmly locked in bullish mode now, and have key support at 6875 and 24750 respectively so look for these levels to hold and tee up some more upside later this week. The DAX40 is also pushing to break above 25000 and we have the top of the 10d Raff channel at 25030 so a short here is worth taking.
For the DAX40 there is also initial resistance at the 24950 level where we have the key fib and the 24972 R1 level. As such an initial drop off from here down to the 30m coral at 24850 may well play out, with the daily pivot at 24765 below that.
Good luck today.
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