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Biden stands down | Bull Monday with 8200 8228 8263 resistance | 8163 support

Nick@ht-admin
#1 · 22nd July 2024, 11:44 am

Technical analysis for FTSE 100 for 22nd July 2024

The markets will be digesting the news about Biden, but will likely want to show a bit of strength so that Western politics don't become too much of a global laughing stock. As such, a kick up to the first key resistance level at 8200 is likely. We have the round number, R1 and the red 2h coral all here. If that were to act as resistance initially then a dip down to the 8163 level would make sense, and fit the charts well.

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Last edited on 22nd July 2024, 11:46 am by Nick