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Bear Tuesday with 7740 7772 7802 resistance | 7695 7665 support

#1 · 20th February 2024, 10:22 am

Technical analysis for FTSE 100 for 20th February 2024

Lacklustre yesterday as expected with the slow grind up towards the 7740 resistance level which got a reaction. Unfortunately not till well after the bell! the US is back today so we may well see a rise and dip play out again, as they missed their Bull Monday. The various 2h charts for the US markets are looking more bearish with resistance levels kicking in, and looking at the 5015 level for the S&P500 for today. A such a climb to here then a drop back would fit the charts well.