Discussion Forum for trading analysis, help, signals and learning how to trade. Chat with other traders , post analysis, trades and ask questions. This is the public part of my website. For more in-depth discussions please consider joining to chat with other members

ForumTrading Forum with market discussion and live trades: Market DiscussionBears on the front foot | 8220 81 …

Please or Register to create posts and topics.

Bears on the front foot | 8220 8180 8133 support | 8272 8325 resistance

#1 · 13th January 2025, 11:20 am

Technical analysis for FTSE 100 for 11th January 2025

Some quarters are predicting a very bearish day today and following Friday's drop then it's quite likely. The backdrop is generally lending some weight to the bears, and the S&P500 dropped off the 5920 resistance level very well on Friday. Likewise the FTSE100 failed to break above the 8320 and dropped 100.

Initial support is at 8220 where we have S1 and the key fib, but if the bears were to break this then S2 at 8186 and the daily support at 8177 looks like a decent support zone - the bulls will be keen to defend any drops. On the flip side, Rachel is back from China to calm the bond market.......

READ MORE