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Still buy the dip but caution advised | 10097 1034 support | 10171 10233 resistance

Nick@ht-admin
#1 · 7th January 2026, 9:43 am

Technical analysis for 7th January 2026

FTSE100 Bias

  • BIAS: STRONG BULLISH (ACCEPTANCE ABOVE 10,000)
    • Holding above the 10,000 psychological level → acceptance, not rejection.
    • Trend firmly up within a rising daily channel.
    • Intraday action shows bullish consolidation/flag above the daily pivot.
    • Pullbacks are shallow and bought.
  • FTSE stance today: Buy dips / continuation.
  • First caution: sustained move back below 9,980–10,000.
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Last edited on 7th January 2026, 9:44 am by Nick