Technical analysis for 4th December 2025
FTSE100 Bias
- Today’s Bias: Bullish (with resistance directly above)
- FTSE is in a clean rising channel, holding above all EMAs, and is attempting a breakout through R1.
- Bullish Factors
- Strong intraday uptrend (30-min).
- Daily candles showing steady higher highs/higher lows.
- Price above pivot (9,698) and above all intraday EMAs.
- RSI bullish but not overextended.
- Caution / Resistance
- Major resistance at 9,735 → 9,758 (R1–R2).
- Red channel resistance overhead limits upside follow-through.
- FTSE Today → Simple Interpretation
- Bullish above 9,698
- Breakout if above 9,735
- Reversal risk only below 9,682
- FTSE Best Trade Bias Today
- Breakout longs above 9,735
- Buy dips into 9,698 → 9,690
S&P500 Bias
- Today’s Bias: Strong Bullish
- The S&P remains the global risk-on engine — slow, steady, persistent melt-up conditions.
- Bullish Factors
- Price above all EMAs (10/20/50/100/200).
- Trend is intact across all timeframes.
- Low volatility = grind-up environment.
- Mega-cap tech continues to lead.
- Key Levels
- Breakout continuation toward next psychological round number
- Support: daily EMA20
- Trend intact: until a break of the daily higher-low structure.
- S&P Today → Simple Interpretation
- Strong bullish bias
- Buy dips
- Breakouts valid
- Short only on a reversal pattern or break of EMA20
DAX40 Bias
- Today’s Bias: Strong Bullish
- DAX remains the leader among European indices — very strong dip-buying flows.
- Bullish Factors
- Above all EMAs on daily & 4H.
- Shallow pullbacks; aggressive bids.
- US tech strength supports German equities.
- Very little overhead resistance until new highs.
- DAX Today → Simple Interpretation
- Buy dips
- Breakout long on new highs
- Short only if S&P turns sharply lower
The FTSE100 is glued to the 9700 area still, but the bulls still look like they might manage a push up to finally test the 9760 resistance level at some point soon, and as such its looking like we may well get a dip and rise play out today. There is decent looking support to start with, against a generally bullish sentiment on the longer timeframes, at the daily pivot level of 9698. Added to this is the fact that the green 30m coral and 200ema are also at this level, so if we see any initial drop down to test this area then I would like to see a bounce here.
The key to start with will be the bulls being able to break above the 9726 2h red coral line, and as we also have R1 around this area we could see an initial drop off this area. Above this then the 9760 level beckons, being both R3 and daily resistance. I expect that to be fairly strong resistance but if the bulls can get the momentum going then we are still on course for the 9900 area this month.
If the bears were to break below the 9690 level though then look for a slide down to test the 9650 area as this is daily support as well as the S2 and S3 area.
Sentiment on the S&P500 and DAX40 is also bullish really and favours buying the dips for the time being. Again, I am looking at the daily pivots as support at 6840 ad 23755 respectively.
Good luck today.
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