Technical analysis for FTSE 100 for 15th September 2025
It's going to be all about interest rates and central banks this week but the bias remains bullish for the moment on the daily charts.... however we have initial resistance at 9305 from the Hull MA on the 2h chart which has gone bearish following Friday's drop from 9340. As such the bulls will need to break this early on today, and a failure to do so will likely see a slide down to the 9240 support area. I am expecting a bull Monday to kick in as the "buy the dip" mob appear so a hold of this support would fit the charts well.
To lend some weight to that resistance level we have a red 30m coral at 9298 as well so may well see a similar pattern to that which played out on the ASX200 today with an initial dip and then a rise over the rest of the session.
Above the 9305 resistance level then I am looking for a rise to test that 9342 daily resistance level again (it fell just shy on Friday) and we also have the key fib at 9340 for today. A double top at this area would be likely, if the bulls break above the R1 level at 9318. It might be a bit of a big ask to rise higher that that but if it did then look for a test of the 20d Raff channel top at 9375, which lines up nicely with R2 as well. Any rise is likely to falter here, though I still remain bullish for the remainder of this year and 9700 still looks possible.
Support wise, if the bears were to break the 9240 level then I am looking for a slide down to test the 9209 S2 level, as we also have the 9215 level as the bottom of the (still rising) 10d Raff channel. As such I would like to see this level hold any test today as a break would give the bears a lot of momentum. Generally feels like we may well see a bull Monday overall though and a break of the 9305 later on when the USA comes online.
The S&P500 will be looking to hold the daily pivot at 6585 and the Hull MA here on the 2h timeframe. A break lower will likely see S1 and the green 2h coral at 6569 so should it test that then a long here is also worth a go. Resistance wise then 6613 is both the R2 and key fib and I expect the bears will be shorting this level, especially if we get an early rise to test this area.
It's similar for the DAX40 with the daily pivot acting as support at 23700 and also the 2h Hull MA here, with the bulls looking to break above the key fib level at 23838. The daily chart remains bearish with the 23912 level as the current 25ema resistance - so any rise to this area is likely to see the bears have a go. Below the daily pivot then it could well slide as low as the 23511 level to test the S2 and the key fib which are both here. If it did get that low then I would like to see that hold.
Good luck today.
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