Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market Discussion8307 resistance - if it holds a b …

Please or Register to create posts and topics.

8307 resistance - if it holds a bit of bear Tuesday down to 8245 | 8346 8373 above

#1 · 24th September 2024, 10:23 am

Technical analysis for FTSE 100 for 24th September 2024

A decent enough bull Monday yesterday though the bears did manage to get it down through the 8230 support area, with 8208 holding to then set up the bounce. That strength has continued overnight and we could well be on for a test of the cluster of resistance levels at the 8305 area to start with. A bear Tuesday could kick in at that point for a run back down to the 8245 daily pivot then, before some more upside later. We head towards NFP on Friday, and rumours are starting of another 50bps Fed rate cut before too long. Seems a bit soon to be saying that though!

READ MORE