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Dead cat bounce if 8580 holds | 8520 below | 8666 8720 resistance

#1 · 11th March 2025, 10:46 am

Technical analysis for FTSE 100 for 11th March 2025

Most definitely not a bull Monday yesterday however the S&P500 has managed to drop down to the 5600 support area, and having gone a bit lower, to 5550, it has bounced back above 5600. As such we may well see a bit of brave bull buying today. The FTSE100 bulls will be keen to defend the 8600 level today but we will need to break above the Hull MA 2h resistance at 8620 early on really.

There is potential for a rise to test the 8680 area today and with the key fib and the 30m 200ema in this area we may then see any rise falter here (and possibly the bears reloading).

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