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Bear Tuesday with 8820 8845 resistance | 8800 8744 support | 24157 DAX40 resistance

#1 · 8th July 2025, 11:08 am

Technical analysis for FTSE 100 for 8th July 2025

The bears drove the S&P500 down well off the 6262 resistance level yesterday, eventually managing 6200, whereupon we have seen the bulls fight back. That bodes well for a rise and dip to play out today and a possible bear Tuesday on the FTSE100 and a retest of the 8820 resistance level which is R1 for today.

If the bulls break above 8820 then I am still looking at the 8850 as resistance and we now also have the top of the 20d Raff channel here for today. That is still declining, however the 10d Raff channel is more optimistic and now rising once again. Above the 8850 level then that 8892 remains though that may well be a bit of a stretch for today.

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