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Bear Tuesday with the break of 7500 | 7450 7412 support | 7507 7538 resistance

Nick@ht-admin
#1 · 5th December 2023, 10:06 am

Technical analysis for FTSE 100 for 5th December 2023

The bulls tried to hang in there yesterday but we look set for a bear Tuesday today, with the break of 7500 getting stronger. Short the rallies today! The 2h chart has gone bearish overnight and has decent resistance at the 7510 level, which also aligns with the daily pivot and the 30m coral (second test of this though as we dropped off it after the bell yesterday at 7525).

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Last edited on 5th December 2023, 10:08 am by Nick