Dominant theme remains risk-on | 10468 10430 support | 10546 10595 resistance

Technical analysis for 17th June 2026

Today's charts show a slightly different picture from yesterday:

• Nasdaq and S&P500 remain bullish but are consolidating after the breakout.
• DAX40 has lost some momentum and is now neutral-to-bullish.
• FTSE100 remains constructive inside its rising channel.
• Gold is stalling beneath resistance and looks range-bound.

FTSE 100

• Bias: Bullish
  • Strong rising channel.
  • Trading above EMA25 and EMA200.
  • RSI around 57 and improving.
  • Higher highs and higher lows continue.
• Key Levels
  • Resistance:
    • 10,535
    • 10,590
    • 10,656
  • Support:
    • 10,412
    • 10,347
• Trading Plan
  • Buy dips into the 10,420–10,450 area.
  • Break above 10,535 targets 10,590+.

DAX 40

• Bias: Neutral / Slight Bullish
  • Price sitting almost exactly on the daily pivot (24,879).
  • EMA25 remains above EMA200.
  • RSI around 54 and flat.
  • Last two sessions show indecision after the strong recovery from 24,000.
• Key Levels
  • Resistance:
    • 25,036 (R1)
    • 25,268 (R2)
    • 25,424 (R3)
  • Support:
    • 24,705
    • 24,491
• Trading Plan
  • Above 24,900 → bullish continuation.
  • Below 24,700 → likely retracement toward 24,500.

Nasdaq 100

• Bias: Bullish
  • Strong trend remains intact.
  • Trading above EMA25 and EMA200.
  • Holding well above the 29,800 breakout area.
  • Small indecision candle after a strong rally often means consolidation before another push higher.
• Key Levels
  • Resistance:
    • 30,544
    • 30,956
    • 31,258
  • Support:
    • 29,831
    • 29,528
• Trading Plan
  • Buy dips above 30,000.
  • Bullish while above pivot (30,241).

S&P 500

• Bias: Bullish
  • Strong recovery structure remains intact.
  • EMA25 rising.
  • Price holding above pivot.
  • Momentum divergence remains supportive.
• Key Levels
  • Resistance:
    • 7,565
    • 7,597
    • 7,627
  • Support:
    • 7,502
    • 7,477
• Trading Plan
  • Buy pullbacks toward pivot.
  • Bullish while above 7,500.

Gold

• Bias: Neutral
  • Rebound from 4,050 remains valid.
  • However price is now trapped between pivot and resistance.
  • Several small candles showing loss of momentum.
  • Not seeing strong follow-through after the bounce.
• Key Levels
  • Resistance:
    • 4,358
    • 4,380
    • 4,406
  • Support:
    • 4,307
    • 4,284
• Trading Plan
  • Above 4,358 → bullish breakout.
  • Below 4,307 → likely pullback.

Other Opportunities Today

• Long Nasdaq
  • Above 30,241 pivot
  • Targets: 30,544 → 30,956
• Long S&P500
  • Above 7,531
  • Targets: 7,565 → 7,597
• Long FTSE100
  • Above 10,460
  • Targets: 10,535 → 10,590
• DAX40
  • Wait for break of 25,000 or pullback into 24,700 support before committing.
• Gold
  • Stand aside until 4,358 or 4,307 breaks.

Overall Market View
The dominant theme remains risk-on. U.S. indices continue to show the strongest trend structure, the FTSE is quietly trending higher, while the DAX is pausing after its recent rally. Gold has shifted from a trending market into a range market and currently offers the least attractive directional setup of the five charts.

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