Technical analysis for 10th February 2026
FTSE100 Bias
- Bias: Bullish continuation while above pivot
- Structure read
- Price holding upper half of rising channel
- EMAs stacked bullish
- Pullbacks being bought quickly
- Momentum still constructive
- Key levels
- Pivot: ~10,377–10,400 zone
- Support: ~10,325 → ~10,260
- Resistance: ~10,440 → ~10,500+
- What confirms longs
- Hold above pivot
- Break + acceptance above 10,440
- Invalidation
- Clean loss of 10,325 → opens channel midline test
- Likely playbook
- Buy dips into pivot/support
- Momentum long on breakout hold
- Avoid chasing highs without pullback
S&P500 Bias
- Bias: Bullish tilt while holding pivot
- Structure read
- Higher low structure intact
- EMA support underneath
- Channel still respected
- Momentum improving
- Key levels
- Pivot: ~6,925–6,950
- Resistance: ~7,000 → ~7,050
- Support: ~6,890 → ~6,850
- What confirms longs
- Hold above pivot
- Break into 7k region
- Invalidation
- Loss of 6,890 → deeper range pullback
- Likely playbook
- Buy dips into pivot
- Breakout continuation setup
- Avoid shorting strength unless rejection confirmed
DAX40 Bias
- Bias: Neutral with bullish reclaim potential
- Structure read
- Still inside descending channel
- Testing pivot from below
- Momentum stabilising
- Compression = breakout brewing
- Key levels
- Pivot: ~24,930–25,000
- Resistance: ~25,150+
- Support: ~24,600 → ~24,450
- What confirms longs
- Acceptance above pivot
- Channel break attempt
- Invalidation
- Rejection at pivot → slide back to 24,600
- Likely playbook
- Reclaim trade above pivot
- Fade rejection w/ tight risk
- Expect chop until breakout
FTSE100 Intraday Roadmap
Most likely:
Early session → pivot chop
→ test upper edge
→ rotation back toward support
→ late-session breakout attempt
Highest probability path:
- Range expansion between 10,260 ↔ 10,440 before directional commitment.
A good recovery from the lows on the FTSE100 yesterday for the bulls to drive the price back up from the 10315 level. They will be looking to hold the daily pivot this morning at the 10380 daily pivot level for a push up towards the 10440 level which looks like initially being key resistance - we have both the key fib and the R1 level here to start with. If the bulls can push past this then 10466 is the next major level on the daily chart and likely to see a stutter - if we were to see that today then a short here is also worth a go. I am expecting a bear Tuesday today though as we see a bit of profit taking from the bounce that started yesterday.
Above 10466 then 10492 is R2, plus the inevitable push for 10500 round number should it attempt to rise further, with 10554 R3 above that. Also note that we have the top of the 20d Raff channel at 10525.
For the bears, if they break below the 10378 daily pivot then 10351 is the 30m 200ema, with 10297 key fib lower still. Splitting those is S1 at 10325, but I feel that the bears may try and break that and attempt to target the 10288 daily support level. They will be frustrated that they failed to test that yesterday so if they break yesterday's low at 10315 then that would look to be the likely target.
On the news front we have US retail sales at 1330, forecasted for a slight dip. Probably bad news will be good as lends support to rate cuts!
Looks similar for the DAX40 and S&P500 and the daily pivot to hold as support for a push up towards the 25116 and 6996 levels respectively. We may well then see some bearish action at these.
Good luck today.
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