Technical analysis for 25th February 2026
FTSE100 Bias
- Strong bullish continuation
- Clean uptrend channel
- Price holding above pivot and all EMAs
- Strong relative strength vs US
- No bearish reversal candle — momentum intact
- Bias: Bullish – buy dips / continuation to R1 → R2
S&P500 Bias
- Neutral → slight bullish recovery
- Still inside descending channel (macro bearish)
- BUT:
- Price reclaimed pivot
- EMAs flattening
- Series of higher daily closes forming a base
- This is a transition phase — not clean trend.
- Bias: Range / slight buy dips above pivot
- (Only turns properly bullish on a break toward R1–R2 / channel top)
DAX40 Bias
- Bullish (buy the dip)
- Structure: Higher highs & higher lows intact inside rising channel
- Price holding above EMA cluster
- Current candle sitting around daily pivot = support zone
- No breakdown — just consolidation after rejection from channel high
- Bias: Bullish – look for longs from pivot / S1 into 25,130 → 25,220
Summary
- Still inside the rising channel → strong bullish structure
- Price holding above the daily pivot (10,694)
- Riding the mid-channel = trend continuation environment
- RSI strong → momentum intact (not showing reversal yet)
We got a good rise on our long from 10648 yesterday and Trumps State of the Union address last night (all 1h50mins of it) have helped the bulls further overnight. As such we remain in buy the dip mode, with the daily pivot at 10694 being the main support for today. A dip to this area should yield a decent climb towards R1 again (we are sitting on this resistance at 10743 as I am writing this) and ultimately I am still looking at the 10780 daily resistance area to be tested. With R2 at 10774 and just above the key fib, I am thinking that if the bulls can keep control then we should see this today.
The daily Raff channels continue to head upwards steadily, and the S&P500 has also climbed well from its lows at 6820 yesterday - it will be trying for the 7000 level before too long.
If the bears break below the daily pivot level then 10670 is the 30m 200ema as next support, with S1 also in this area, and then 10627 key fib below that. Generally I am thinking that the daily pivot is going to hold though, as the bulls will be keen to hold onto the 10700 level.
Today's big event will be the Nvidia results out after the bell so expect some volatility as they are released again.
Good luck today.
Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting
Recommended Broker for trading - MT4/5, web and mobile
IC Markets - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!
Join my Membership for Trading Tips, Support and Resistance Levels with Live Trading
If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, including the trades that I am looking to take myself, then please join my active members community.
Keep up to date with new website posts, free sign up below
