Technical analysis for FTSE 100 for 16th September 2025
Yesterday was a bit lacklustre from the FTSE100 bulls, but the S&P500 continued its push upwards which looks set to continue today, at least initially. A rise and dip looks possible as a bear Tuesday kicks in later. Resistance for the FTSE100 remains at the 9300 area where we have the as yet untested bearish Hull Moving Average, as well as R1 at 9297. As such, following the overnight consolidation around the 9282 daily pivot level, we could well see an early push up towards that resistance level.
The key support for the moment is 9260 where we have S1 and also 9275 to add some weight here, with the green 30m coral and 200ema both here - as such, a bounce in this zone would be good today and the bulls will be keen to defend any test of the 9260 level. As you can see there is quite a tight range in play so look for a breakout in either direction - below 9260 or above 9305.
If the bulls break it out then look for a rise towards the recent high at the daily resistance level 9342, and also just above R3 for today at 9334. That might be a bit optimistic as we have the UK labour data out today, and US retail sales, whilst the interest rate and central banks bubble away in the background this week. That said if the price where to move above the 9342 level then we remain on track for a test of the much higher daily resistance level at 9494. Not today for that, but keep an eye out if we move above 9342.
Below the 9260 level then look for a test of 9242 and S2 and possibly as low as the S3 at 9222 - this is also just below the bottom of the rising 10d Raff channel so should we drop to this area then a long here is worth a go.
It's all looking quite bullish for the FTSE100 apart from the 2h chart with the 9300 resistance - as such this level looks to be key to start with today.
The S&P500 is also looking bullish still, and a rise and dip on this could well play out today, with a test of the R2 and key fib 6554. If the bears appear here then look for a drop back down to the daily pivot level at 6610. A break below this will likely then see the 6575 200ema on the 30m chart. A break above the 6655 meanwhile will likely then target the 6680 R3 level. The 2h Hull MA remains a support at the 6617 level to start with, and we have both the Raff channels rising still for a bullish bias. On the longer time frames it remains "buy the dip".
The DAX40 also looks bullish to start with and we may well see a test for the 25ema on the daily today at the 23899 level, as we also have the key fib here at 23891. As such we may well see the bears short this area if we get an initial rise play out. We have held the daily pivot overnight as support at the 23740 level but if we move below this then look for a drop towards 23591 where we have the key fib support. That also splits S1&2 as 23632 and 23545 respectively, so could be good for a long if seen. If the bulls break above the 23900 then look for a rise towards the 24000 round number, and 24030 R3.
Good luck today.
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