Technical analysis for FTSE 100 for 24th September 2025
Well we got the rise and dip yesterday as the bears took control at the 9260 daily resistance level and that remains the key resistance on the longer time frames, with 9290 above that. Initially we have the daily pivot at 9223 and the 200ema at 9228 as resistance, and the 2h chart is now also bearish with the Hull MA resistance at the 9225 level. As such we may well see the bears resume their attack here, helped by a slightly weaker Asian session driving sentiment. That said the algorithms have defended the FTSE100 overnight and have got the price back above the 9200 level.
If we do drop off the 9225 level and the bears manage to break the 9190 level which has held as the recent key support then we may well see a slide down to the 9160 level whereupon I would like to see a decent bounce. This is daily support, and also just above the S2 level at 9153. We also have the key fib lending a hand here at 9159.
Below this and the bears will be aiming for the 9107 daily support level though I am thinking that the higher supports will hold and a bounce off 9160 if seen makes more sense!
It was a chaotic day yesterday, even by Donald Trump’s standards. He was given a 15-minute slot to address the UN general assembly: he took an hour, and in that hour he eviscerated European countries who he said were “going to hell” because of unchecked migration and green policies. And he didn’t stop there. The US president then used social media to address the Ukraine war, telling Volodymyr Zelensky to take back all territory won by Russia and “go even further than that”.
It's a similar picture for the DAX40 and S&P500 looking at the charts with a potential drop down to the key supports at 23423 and 6622 respectively. If we do get an early decline across the board then I am expecting the bulls to fight back later and we will probably close back were we started!
For the DAX40 initially we have resistance at the red 30m coral and daily pivot at the 23600 area with the Hull MA slightly higher at 23618. If the bears use this level then the drop should play out, but a break higher will then likely target the 23739 key fib. Keep an eye on that for a reaction. The daily Raff channels also continue to head down on the DAX.
The S&P500 has initial resistance at the 6687 Hull MA and also the red 30m coral just below this at 6675. The bears will be aiming for that 6615 S2 level and 6622 key fib just above. If the bulls break higher then look for a rise towards the 6722 R2 level, but with the Hull MA at 6687 and R1 at 6692, we may well see the bears take control initially.
Good luck today
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
