Technical analysis for FTSE 100 for 26th September 2025
Fairly small range in play yesterday but the 9200 support held and also overnight. As such we may well see a rise and dip play out today as we get some buy the rumour sell the news ahead of the PCE US data, which in turn should help the FTSE100. As such a rise towards the 9273 resistance level may well materialise today, which will be a decent rise from the daily pivot support at 9226 we are on to start with.
That said we may well see an initial attempt from the bears and a dip down to the 9206 S1 level would be good for a bounce. If they were to break this though then keep an eye out for the 9160 S3 and daily support level, a point that I would like to see hold. A break of this may well see a slide as low at 9105 in the next couple of sessions - probably won't be that bearish today though.
We do have a green 2h coral to start with also lending support at the 9226 level so its 50/50 if we get an opening dip.
If the bulls were to break above the 9274 level then it opens up the 9300 round number again, and for today we have daily resistance just above this at 9307. That may well be a bit too optimistic though given its a Friday and we have the PCE data out at 1330 - watch for some volatility then as traders will be watching that for more clues on future Fed rate decisions.
The 2h chart has gone bullish again and we have the Hull MA support at 9230 as well so the bulls will certainly be trying to build on the climb from 9200. However the 10d Raff channel is still heading down, though the longer term 20d Raff is still heading up. September is traditionally weak but the bulls have hung in there so far, and we may well see the year end push up start to kick in soon.
Generally I am expecting the 9200 to 9275 range to play out today though.
For the S&P500 it will be about the PCE data and a buy the rupture sell the news pattern may well play out. Today I am thinking that we will get a rise towards the 6645 level before the bears appear - we have the R1 level here as well as the key fib, and also the Hull MA on the 2h chart. The bulls may well struggle to break above this but if they do then look for a rise towards the 6660 area which would test the red 2h coral. Support is at the 6575 level still, which was yesterday's low and also the bottom of both the daily Raff channels. If the bears were to break this then 6557 key fib will probably be tested.
The DAX40 also has a bearish 2h chart with resistance from the Hull MA at 23617 and the red 2h coral at 23613 however we may well see a push higher to test the 23705 whereupon the bears may well have an attempt at shorting. Support today is at the daily pivot to start with at the 23560 level, but should this break then look for a slide down to the 23387 S1 level and 23368 key fib - an area that I would like to see get a decent bounce.
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!
Membership, 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
