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Bear Tuesday with drop to 8250 | 8219 below | 8320 8330 8370 resistance

Nick@ht-admin
#1 · 22nd October 2024, 10:54 am

Technical analysis for FTSE 100 for 22nd October 2024

A lacklustre bull Monday saw the FTSE top out at the 8390 area again before plunging below the 8300 first thing today. That has set up a potential bear Tuesday pretty well so shorting the rallies is the preferred play today. Initially we may well get a kick up to the 8330 area where we have the 30m coral and the 200ema. If the bears appear here then there is the potential for a move down to the 8250 support area.

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Last edited on 22nd October 2024, 10:55 am by Nick