Technical analysis for 13th January 2026
FTSE100 Bias
- STRONG BULLISH (LEADER)
- Holding above 10,000 → acceptance of the psychological level.
- Clear higher highs / higher lows on higher timeframes.
- Pullbacks are shallow and bought.
- Bias: Buy dips, trend continuation.
- Caution only if: sustained move back below 9,980–10,000.
S&P500 Bias
- STRONG BULLISH (GLOBAL DRIVER)
- Above daily EMA20 & EMA50.
- No topping or distribution signals.
- Low volatility = grind-higher regime.
- Bias: Trend-following longs; buy pullbacks.
DAX40 Bias
- BULLISH CONTINUATION
- Trend structure remains firmly bullish.
- Above key daily moving averages.
- Weakness so far is corrective, not impulsive.
- Bias: Buy dips; avoid countertrend shorts.
FTSE100 Roadmap
- Above 10,105: Buy dips
- Above 10,162: Momentum continuation
- Below 10,050: Deeper pullback toward 10,020–9,980
Today’s Likely Path
- Early: Sideways compression
- Mid / later session: Push into 10,160–10,185
- Best bull case: 10,215–10,220
- Worst case: Controlled pullback to 10,050
A nice hold of the 10100 level yesterday for our long though whilst the bulls didn't really set the world alight yesterday, we may well see a rise and dip today. I am still looking for them to test the 10185 area where we have the daily resistance, and that is now also R2 for today. A bear Tuesday kicking in later as the S&P500 also tries 9and maybe fails) to break 7000 may well play out.
Trump threw another curve ball into the mix with a cap on credit card fees in the US - though some now say that the flip side is that there will be less credit for people available. Another bait and switch?
Anyway, initial support for the FTSE100 is at the daily pivot 10128 so continue to run the long from yesterday, with a long add here. The stop on the 10102 long is now at 10115. If the pivot holds then a rise towards that 10162 R1 level should pally out this morning. If the bulls were to really push on and break the 10185 level then look for an ultimate test of the R3 10218 level though that may well be a bit too optimistic for today.
On the flip side, if the bears were to break below the daily pivot then 10106 S1 is next, with 10090 likely. We have the 30m 200ema here as well as yesterdays low. A break of this then the bears will be aiming for the 10050 S3 level though I don't think we will get that low today.
Once again it looks like the daily pivot will act as support for both the S&P500 and DAX40 this morning at 6956 and 25679 respectively. Again a rise and dip may well play out on these for a test of the R1 levels at 7000 and 25891.
Good luck today.
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