Quote from Nick on 24th November 2025, 11:06 am

Technical analysis for 24th November 2025

Global stocks began an event-filled week on the front foot on Monday, as investors took heart from growing expectations of a Federal Reserve rate cut in December even as policymakers remain divided over such a move.

FTSE 100 Bias

• Bias - Neutral → Mildly Bearish
• Rationale - The FTSE is under pressure: the daily chart shows a breakdown inside its rising channel, and price is trading below key EMAs. Momentum is fading, suggesting a risk of further weakness or a consolidation phase rather than a fresh rally. Support zones need to hold for any bounce play.

S&P500 Bias

• Bias - Bullish with Caution
• Rationale - The S&P is trending higher and technically strong, but is becoming overextended. The trend remains up, though further gains may be limited without a pullback or consolidation to reset momentum. Key support must hold to maintain the bullish case.

DAX40 Bias

• Bias - Mildly Bullish
• Rationale - The DAX remains in its long-term uptrend, and trend structure is intact. However, recent candles suggest momentum is slowing, so a corrective dip is likely before another leg higher. Buyers may use weakness, but upside conviction needs confirmation.

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