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Bulls hanging in there with 7650 7685 resistance | 7610 7590 7576 7550 support

#1 · 27th September 2023, 10:35 am

Technical analysis for FTSE 100 for 27th September 2023

7590 was defended yesterday as the bears tried to push lower to test that 7550 area that is support on the daily chart. It's still there and looks like it may well get tested before month end so keep an eye out for that. The S&P500 is just trying to defend the daily 200ema at 4278 currently.

For today we may well see an initial rise to test the 7645 area once again, and the bears may well have a go here again as a double top with yesterday. We also have R1 and the 30m 200ema here.