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Bear Tuesday with 7686 7706 resistance | 7650 7636 7600 support

#1 · 30th January 2024, 11:48 am

Technical analysis for FTSE 100 for 30th January 2024

Well the US bulls continued apace yesterday with the S&P500 busting through the 4901 previous high with ease. However there is a whiff of bear Tuesday about today so shorting the rallies could be a good move today as well. The FTSE100 has initial support at the 7650 level with the daily pivot here, and also just below the now green 30m coral line.

As such we may well get an early bounce from here to test the 7685 resistance level before a more sustained drop over the course of the session.