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8620 defended | 8700 8682 support | 8744 8820 resistance | buy the dip

#1 · 26th February 2025, 11:16 am

Technical analysis for FTSE 100 for 26th February 2025

Another test of the 8620 level yesterday which held well and set up the bounce towards the 8720 resistance level after the bell. That strength has remained overnight and maintains the "buy the dip" stance for the time being.

The S&P500 also defended its drop, bouncing strongly from the 5910 level and if NVIDIA results today are favourable it may well get back above 6000. However, with the recent declines the daily chart is now bearish with 6042 daily EMA resistance locked in. The Nasdaq daily chart is also bearish so it's more "short the rallies" for these two.... 21625 ema resistance on the Nasdaq daily chart.....

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