Technical analysis for 27th January 2026
FTSE100 Bias
- Trend Context:
- Still inside an ascending channel on the daily
- Price is holding above the rising 25/50 EMA zone and near daily pivot
- RSI mid-range → no momentum extreme
- Bias:
- Bullish → Buy-the-dip
- Key Levels:
- Support: 10,120 → 10,080 → 10,045
- Resistance: 10,185 → 10,250 → 10,300
- Bias flips neutral if daily closes below 10,045
S&P500 Bias
- Trend Context:
- Still in broader rising structure, but short-term channel is slightly bearish
- Price hovering near daily pivot + EMA cluster
- RSI recovering from weak momentum
- Bias:
- Neutral → Slight bullish
- Key Levels:
- Support: 6,900 → 6,860 → 6,820
- Resistance: 6,975 → 7,020 → 7,080
- Rejection at 6,975 = short back toward 6,860
DAX40 Bias
- Trend Context:
- Price rebounding from lower channel / S1 zone
- Still below falling red channel resistance
- EMA slope flattening = recovery phase, not full trend reversal yet
- Bias:
- Neutral → Bullish recovery
- Key Levels:
- Support: 24,850 → 24,700 → 24,550
- Resistance: 25,050 → 25,140 → 25,290
- Trade Idea:
- Long only if price holds above 24,850
- Break and hold above 25,050 opens upside toward 25,250+
- Failure at 25,050 = fade back toward 24,700
FTSE100 Roadmap
- Above 10,184: Buy dips → target 10,200 → 10,218
- Above 10,200: Momentum continuation → 10,250+
- Below 10,124: Pullback resumes → 10,090
Today’s Likely Path
- Early: Shallow pullbacks into 10,170–10,185
- Mid-session: Attempt push into 10,200–10,218
- Best bull case: 10,250–10,260
- Bear case: Failure back to 10,124–10,090
The. bulls are hanging in there after a bull Monday yesterday and a sizeable rise on the S&P500 as well. The first main resistance level is 10196 that the bulls will need to break but we may well see a rise and dip today as a bear Tuesday kicks in later. We have tech companies starting to release earnings tomorrow too. Last weeks high was also 10227 above the round number, and if the bulls can break that then a rise towards the 10283 is likely.
Initial support for any dips is at the daily pivot at the 10155 level, and we also have the green 30m coral here, along with the Hull MA on the 2h, the chart for which not surprisingly has gone bullish, and helped the bulls yesterday.
Below the 10150 level then 10124 is the bottom of the still strongly rising 20d Raff channel, but a break of this would likely see a test of the 10090 level for S2 and the key fib, and just above the lower daily support at 10083.
On the daily chart the 10d Raff channel has turned down after the recent decline from the 10260 level and whilst the bulls are fighting back, there is a slight bearish overtone on that. The S&P500 10d Raff channel is also turning down.
Generally speaking I am still cautiously bullish today and looking for dip-buying in FTSE100 and DAX40, while S&P leads direction confirmation later in the US session.
Good luck today.
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