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Bears have a pop but 8250 support | 8209 below | 8318 8360 resistance

Nick@ht-admin
#1 · 24th May 2024, 8:36 am

Technical analysis for FTSE 100 for 24th May 2024

Well the mid/end May seasonality sell off has kicked in, after the NASDAQ had made its record high yesterday. That has dragged everything down and the FTSE100 being below 8300 means that the 8200 next round number is in play again. We are just testing the bottom of the 20d Raff channel at 8250 to start with so may well see an initial recovery this morning, to get a rise towards the 8320 daily pivot area.

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Last edited on 24th May 2024, 8:39 am by Nick