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Bearish 2h chart and bulls need to break 8470 to target 8512 | 8420 8400 support

#1 · 29th April 2025, 10:15 am

Technical analysis for FTSE 100 for 29th April 2025

A bit of a lacklustre day for the FTSE100 yesterday but the worm has turned in the bulls favour, and we may well break above the 8470 resistance in due course. The S&P500 defended the 5475 support well in the end last night and the bulls have managexd to hold above the 5500 level once again. For today I am expecting them all to build on this strength that is coming back in and we may well see a more optimistic bear Tuesday than usual.

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