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Nvidia and Tech drops but FTSE100 rising | 8340 8300 support | 8403 8424 resistance

#1 · 29th August 2024, 9:41 am

Technical analysis for FTSE 100 for 29th August 2024

Nvidia and Big Tech slumped after the results, despite the beat, however overnight the FTSE100 futures have recovered with another possible test of the 8400 in sight. The longer times frames remains positive with both the Raff channels continuing to head up. Initial resistance from the 2h chart at the 8360 level will play a part to start with and as well also have R1 here we may well see an initial dip down to the first support level at the 8330 area.