Technical analysis for 19th December 2025
FTSE100 Bias
- BIAS: BULLISH CONTINUATION
- Market State
- Price holding above the daily pivot (~9,810).
- Firmly inside the rising daily green channel.
- Intraday structure shows bullish consolidation / flag above support.
- RSI ~60+ → positive momentum, not overbought.
- Pullbacks remain shallow and bought.
- Bias Rules
- Bullish while above: 9,754
- Continuation trigger: Above 9,856
- First caution: Below 9,754
- Trend break only below: 9,700–9,660
- Buy dips and breakouts, avoid countertrend shorts unless structure fails.
- Summary
- Above 9,780 → Buy dips
- 9,780–9,856 → Bullish consolidation
- Above 9,856 → Breakout mode
- Below 9,754 → Bias flips bearish
S&P500 Bias
- BIAS: STRONG BULLISH (GLOBAL DRIVER)
- Market State
- Above Daily EMA20 and EMA50.
- No confirmed distribution or lower-high structure.
- Volatility remains suppressed → classic bull-market grind.
- Market still pricing risk-on conditions.
- Bias Rules
- Bullish while above: Daily EMA20
- Normal behaviour: Range → slow grind higher
- First caution: Loss of EMA20
- Bearish only if: Daily close below EMA50
- Trend continuation favoured; dips are opportunities.
DAX40 Bias
- BIAS: STRONG BULLISH (EUROPEAN LEADER)
- Market State
- Clear higher highs / higher lows on higher timeframes.
- Trading above key daily EMAs.
- Pullbacks remain corrective, not impulsive.
- Continues to respond positively to US equity strength.
- Bearish only on: Daily lower high + breakdown (not present)
- Buy dips preferred, trend-following bias.
It's beginning to look a lot like Christmas and the FTSE100 is hanging in there poised for a push towards the 10000 level this year. Bold statement I know, but if they can break above 9860 today then it's certainly possible. We dropped off once again from 9850 yesterday however the bulls defend the 9800 level overnight and will be looking to be quick out the blocks today. It's still in buy the dip mode across the board for today really, and I am looking at any dip down to 9755 to be defended.
Prior to that and also showing as good support is the 9800 level - overnight low, Hull MA and the daily pivot, so we may only dip as far as this today. We are also getting into the low volume Christmas trading period so moves will be amplified and a bounce off these supports are likely to run quite far today. Generally as per yesterday I am still in buy the dip mode and liking a year end rally. Not likely today but above the 9904 R2 level then the next key area is around 9965 - R3 and daily resistance here. Both the Raff channels are heading up now as well on the FTSE100 - ironically the most bullish looking of the 3 whereas the FTSE100 is usually the basket case and never joins the party!
If the bears were to break below 9750 though then we could see a slide to 9640 which is the lower daily support level - feels a bit too pessimistic though so lets see if the 9750 area holds on any test.
For the S&P500 today the 2h chart is bullish with support from the Hull MA at 6748 so any dip to this area is worth a long for a rise to 6800+, with 6825 R1 and key fib level the next hurdle for the bulls to jump. 6845 10d Raff channel top is above that. 6732 S1 and key fib is lower support.
Similar outlook for the DAX40 with any dips likely to get bought today, and I would like to see any test of the daily pivot at 24077 hold for a rise towards 24264 key fib resistance. Above that then 24301 is R1. 24000 is the Hull MA 2h support if it slides a bit further and worth a long today if seen.
Good luck today and have a great weekend!
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
