Technical analysis for 30th March 2026
FTSE 100 — Bearish (but relatively stronger)
- Structure
- Slightly better bounce than US indices
- Testing pivot area
- Still under EMA resistance
- Channel still down
- FTSE showing relative strength, but not bullish yet.
- Bias: Sell rallies (until breakout)
DAX — Bearish (bounce into resistance)
- Structure
- Small green bounce after heavy sell candle
- Still below pivot + EMA cluster
- Lower high structure intact
- Sitting inside descending channel
- This is a classic pullback after impulse down.
- Bias: Sell rallies
NASDAQ — Bearish (weak recovery only)
- Structure
- Small bounce after strong drop
- Still below pivot + key EMAs
- No break of structure
- Channel still clearly down
- No real strength — just stabilization.
- Bias: Sell rallies
S&P 500 — Bearish continuation
- Structure
- Lower highs + lower lows intact
- Price holding under pivot
- EMAs trending down
- Weak follow-through after bounce
- Trend remains dominant.
- Bias: Sell rallies
GOLD — Neutral → Bullish pullback
- Structure
- Consecutive green candles
- Holding above recent lows
- Attempting to reclaim pivot
- Momentum shifting slightly upward
- Gold is counter-trending upward.
- Bias: Buy dips (short-term bounce)
Off we go for a shortened trading week and the FTSE100 has already started to fight back for a bull Monday from the overnight low at 9850. Initially we have resistance at the 9943 daily pivot but the bulls will be looking to recapture the 10000 level again, and break 9990 R1. However we then have the key fib at 10016 just above that and may well see any rise stall here for a drop back down towards the daily pivot level.
If we get a drop off the pivot first thing then I am looking for a test of the 9888 level key fib to hold and even though we are in short the rallies mode, a bounce here would fit the charts well. That may well be supported by the S&P500 doing the same and climbing from the 6355 area today, That would filter through into a rise on the FTSE100 as well.
Oil prices continue to rise which is good for BP and Shell and in turn the FTSE100, but not so much for Joe Public, inflation, central banks and the global economy. That said, generally I think we will see a rise and dip on markets today and a test of the main upper resistance levels.
The 2h chart for the FTSE100 remains bearish and the Hull MA is at 9980 so again lending resistance to this area and the 9961 is also the red 2h coral - the bulls will certainly need some momentum to break the 10000 level convincingly. If they were to break the 10016 level then the next key level I am looking at is 10120 where we have daily resistance but the bulls will not regain full control until we break above 10250 really (both the Raff channel tops sitting at 10200) - prior to that we also have daily resistance at 10191 in play for this week.
If it all goes bearish then a break of the 9888 level will likely see a quick drop to 9841 S1 and ultimately 9670 again - the level that we got the stellar rise from recently.
So generally expecting a rise and dip across the board and watching 10020, 22556 and 6470 as resistance for the FTSE100, DAX40 and S&P500 respectively.
Good luck today.
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