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Can the bulls break 7700 | 7650 support | 7750 resistance above

#1 · 27th February 2024, 10:40 am

Technical analysis for FTSE 100 for 27th February 2024

Fairly quiet day yesterday as the markets catch their breath which may well roll into a bear Tuesday today.

Initially I am looking at resistance at the daily pivot at the 7691 level and if we get an early rise then we may well see the bears have a go here and try and keep the bearish momentum from yesterday going. The bulls failing to hold on above the 7700 level yesterday still suggests some profit taking, likewise with the S&P500 dropping back from the 5100 level.