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Bull Monday but with USA election fever | 8210 8255 resistance | 8159 8115 support

#1 · 4th November 2024, 11:56 am

Technical analysis for FTSE 100 for 4th November 2024

Here we go... USA election week. The FTSE100 has continued its climb off the 8080 support area into Monday so far and we may well see a bit of a bull Monday today. The bulls will be looking to test the 8200 area again, and following the drop from there Friday, try and make it stick. R1 is at 8211 with the key fib at 8206, so an initial drop off from there down to the support at the 8150 area would make sense, and even possibly a drop all he way down to the 8115 support lower down.

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