Technical analysis for FTSE 100 for 29th September 2025
Well its going to be a bullish start to the week as the bulls look to build on Friday's rise from the 9210 support, and with the price holding above 9300 it bodes well for more Q4 upside. Initially today we have the daily resistance at the 9350 level and this is just above the 9335 R1 level, so an initial dip down to the support before more upside could fit the chart well.
Above the 9350 level then 9368 is R2 but the bulls will be looking for a test of the 9400 really. However I am expecting 9350 to get a reaction, given that was the level that we dropped from on 22nd August, and almost on the 12th September. Ergo that remains decent resistance though if the bulls get some momentum then a third test today may well break later on during the session, especially if the USA pushes up and helps the FTSE100.
Support is at the daily pivot initially at 9273 and it would be good to see this hold, as the bulls are certainly in control to start the week. Below this the next key support is the 9245 area where we have S1 and the 30m 200ema with the key fib at 9212 below that. That also links in with Friday's low at 9210 but I am not expecting it to get that low today and am leaning more towards a bull Monday though keep a close eye on that 9350 level.
The main event on the news front is Trumps speech at 18:15 but its also all eyes on the possible government shut down.
For the S&P500 it has gapped up to start with and is just above R1 6663 and below the key fib resistance 6668 so again an opening drop down to the daily pivot support at 6631 would fit well, and also close that gap. I would like to see that support hold, as 6623 is also the Hull MA and 6635 is the 30m 200ema. That would then set up a decent climb to the R2 level at 6681. Below the pivot then 6613 S1 is the next level to look for.
The DAX40 has also regained its bullish composure though the daily chart remains bearish but weak. 23682 daily pivot is initial support and the 2h Hull MA is rising strongly (and bullish) and may well coincide with this level so again, a drop down to this support level before a bull Monday bounce would make sense. Below that then look for the 23596 S1 and an outside chance of 23491 key fib below that.... but that feels a bit too pessimistic! If the bulls can break above the 23835 level then 23921 R2 is next, with the top of the Raff channels then coming into view at 23950 20 day, and 23985 10 day.
Good luck today.
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