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 DiscussionBulls to push for 8000 but 7970 r …

Please or Register to create posts and topics.

Bulls to push for 8000 but 7970 resistance first | 7916 support | NFP tomorrow

#1 · 4th April 2024, 10:01 am

Technical analysis for FTSE 100 for 4th April 2024

A bit of a fightback by the bulls yesterday as they defended the 7900 level, and they will be looking to do the same today and get a rise back towards the 8000 level.

Support today is at the 7916 level where we have the daily pivot and the 30m coral, so a bounce off this level would work well for a push up towards the 7965 2h coral (now red).

Below the 7915 level then yesterdays low at 7881 is next up, and that is also just below the S1 level at 7892. I think we may well see some optimism today though, especially if the S&P500 can continue to bounce. The 2h S&P500 chart is also bullish currently with decent support at the 5216 level.