Technical analysis for 5th December 2025
FTSE100 Bias
- Primary Bias
- Bullish continuation, but price is pressing into the R1–R2 resistance band.
- Why
- Daily trend: Higher highs / higher lows
- Price above rising 10 & 25 EMAs
- 30-min structure: Higher lows, bullish consolidation
- RSI mid-to-high 50s → positive momentum, not overbought
- Holding above pivot (~9,722)
- Key Decision Levels
- Bullish continuation above: 9,732
- Upside targets: 9,748 → 9,755 → 9,783
- Buy-the-dip support: 9,700 → 9,690
- Bias flips bearish only below: 9,678
- FTSE Trade Behaviour Today
- Buy dips
- Breakout longs
- Shorts only on clear rejection at 9,750–9,755
S&P500 Bias
- Primary Bias
- Strong bullish grind higher — S&P is still the global risk engine.
- Why
- Price above all major EMAs (10–200)
- Volatility low → classic bull grind
- Megacap tech leadership intact
- No breakdown in higher-low structure
- Key Levels
- Bullish while above: Daily EMA20
- Breakout continuation: Toward next psychological round number
- First real warning: Daily close below EMA50
- S&P Trade Behaviour Today
- Trend-following longs
- Buy dips at EMA20
- Shorts only on a confirmed daily reversal
DAX40 Bias
- Primary Bias
- Strong bullish trend continuation — DAX remains Europe’s momentum leader.
- Why
- Price above all key EMAs on daily
- Strong dip-buying behaviour
- No major distribution signals
- Follows S&P strength closely
- DAX Trade Behaviour Today
- Buy pullbacks
- Breakout continuation
- Shorting is low-probability unless S&P rolls over
We may finally see the FTSE100 pull away from the magnet that is 9700 today, as rumours crank up about a FED rate cut next week. In light of that should we see an early drop down to once again test that level then I would like to see a bounce here, mainly as its also the daily pivot and the 30m 200ema support for today. The 2h chart has also gone bullish after a week of being bearish, and has the 9715 level locked in as Hull MA support. The daily trends remain up on the 10d Raff as well, and I am still thinking that we will see a year end rally towards the 9900 level once again - maybe the Fed will kick start that next week....
If the bears were to break below the 9700 level today then we could see it slide as far as 9660 level and if we did so then this level is also worth a long - its the 25ema daily support level since those MAs went bullish so in theory should hold as support. Lower down then 9621 level is daily support though I am not expecting it to get that low today.
For the bulls, a break above the initial resistance at 9725 should see that 9755 level, and if they were to really push on (though being Friday we may well see some caution) then 9783 R3 above that, and possibly 9800 - though that feels like a big ask for today. 9835 is daily resistance above that.
It's once again similar for the DAX40 and the S&P500 with the potential for a drop down to the daily pivot supports at 25600 and 6856 respectively, before some bullish sentiment to end the week.
Good luck today and have a great weekend.
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