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Nasdaq drops | Rise to 7500 then drop | Bear Tuesday | 7450 7403 support
FTSE 100 analysis & prediction for 27th June 2023
The FTSE 100 closed 0.11pc lower at 7,453.58, while the FTSE 250 midcap index ended 0.49pc down at 17,974.67.
FTSE 100 Technical Analysis
Nice bounce off the lower daily support yesterday at the 7400 level, which has seen near enough a 100 point climb since. Initial resistance today is at the 7500 area where we have the R1, 30m 200ema and the key fib, so an early rise to this may then see some profit taking and a drop down to test the daily pivot at the 7450 level.
Good drop off the 7500 level today, bears taking it down to the 7425 in the end. Bulls now back in the driving seat.