Technical analysis for 30th January 2026
FTSE100 Bias
- BULLISH BUT RANGE-BOUND
- Structure: Rising channel but capped by upper trendline
- Price: Above EMA200, holding pivot support
- RSI: Neutral-bullish
- Bias: Bullish, controlled upside
- Buy Zone: 10,140 – 10,170
- Upside Targets:
- R1 ≈ 10,230
- R2 ≈ 10,265
- Extension: 10,300
- Invalidation: Daily close below 10,100 = shift to neutral
S&P500 Bias
- BULLISH / BUY DIPS
- Structure: Higher highs, holding rising channel
- Price: Above EMA200 and pivot, trend intact
- RSI: Holding above midline → bullish momentum
- Bias: Bullish continuation
- Buy Zone: 6,900 – 6,930 (Pivot + EMA support)
- Upside Targets:
- R1 ≈ 7,000
- R2 ≈ 7,045
- Extension: 7,080 channel top
- Invalidation: Break below 6,880 = bullish bias weakens
DAX40 Bias
- BEARISH / SELL RALLIES
- Structure: Still inside a descending channel
- Price: Below falling EMA10/25 and struggling under daily pivot
- RSI: Sub-50 → weak momentum
- Bias: Bearish intraday
- Sell Zone: 24,900 – 25,000 (Pivot + EMA zone)
- Downside Targets:
- S1 ≈ 24,720
- S2 ≈ 24,590
- Extension: 24,400 channel support
Invalidation: Daily close above 25,050 = bearish bias weakens
FTSE100 Roadmap
- Below 10,205: Rallies = sells
- At 10,030–10,000: Watch for buyers to defend trend
- Above 10,258: Momentum flips bullish → 10,300+
Today’s Likely Path
- Early: Attempted bounce into 10,205–10,240
- Mid-session: Rejection → test of 10,140
- Later: Either
- Base & bounce from 10,030–10,000, or
- Acceptance lower → deeper pullback
Slightly frustrating that it missed the 10280 short order yesterday by half a point before falling to 10160 as everything pretty much declined with it, including a rather volatile gold! Not often you get a 500 point range on that on one session. Just goes to show that it's a bit over extended!
For the FTSE100 today the bulls will be looking for an early climb into the daily pivot and red 30m coral resistance at the 10209 level, and then daily resistance just above that 10228. We might well see some caution today as it's Friday, and we also have a few GDP figures out this morning for Germany and the Eurozone. If the bulls were to break above 10230 today then further upside is at the key fib 10290, and 10323 daily above that - though both of these feel a big ask ahead of the weekend.
On the support side then 10140 is the main one to look for initially as we have S1 here, and 10146 as the key fib. 10154 is also daily support just above this zone, though a break of 10140 will likely see a slide down to 10100 whereupon we may well Geta. decent bounce.
As its Friday then it can be worth being slightly more cautious but generally the bias for the FTSE is still bullish on the daily time frame. We just need to see if further buying continues.
Good luck today and have a great weekend.
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