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Bear Tuesday plays out but 8204 8150 support today | 8297 8348 resistance

#1 · 4th September 2024, 11:15 am

Technical analysis for FTSE 100 for 4th September 2024

A full on bear Tuesday yesterday.....

For today we may well see a dead cat bounce as the bulls try and defend the 8200 area and the bottom of the (still ascending) Raff channels. 8204 is also S1 to start with and a rise towards the pivot at the 8297 level does make sense.

Traders will probably latch onto potential rate cuts in the near future which may well give the markets some strength for today, though as you know September is usually a weaker month anyway.

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