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Bear Tuesday but the bulls will be looking to build | 8565 8544 support | 8649 8686 resistance

Nick@ht-admin
#1 · 6th May 2025, 10:13 am

Technical analysis for FTSE 100 for 6th May 2025

Off we go for a slightly shortened week, and we could well be on for a bear Tuesday, at least initially. We had a stop hunt looking overnight spike to the 8685 level and a test of the key fib at the 8678 level. The bulls would probably quite like to get it back to to that level again, and will certainly still be looking to build on the recent strength that ended April. As such we are still in buy the dip mode.

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Last edited on 6th May 2025, 10:15 am by Nick