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10050 holds | Bulls need to break 10150 10175 | 10095 10035 support

Nick@ht-admin
#1 · 21st January 2026, 11:15 am

Technical analysis for 21st January 2026

The S&P tumbled well from the 6870 resistance level, as did the FTSE100 which dropped down to the 10055 daily support level once it broke below the 10100. That held though and we have had a decent rally back towards the 10150 area. Inflation figures have just come out and show an uptick, mainly driven by airfares, but does lend some weight to further rate cuts. Bad news is good news.

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Last edited on 21st January 2026, 11:17 am by Nick