Technical analysis for 27th October 2025
FTSE100 Bias
- Trend: Up but overextended
- Bias: Mild bullish continuation early on; risk of late-session fade
DAX40 Bias
- The DAX is trading at around 24,240.
- Technical indicators show a modestly bullish bias: price above recent support, recovery underway after earlier dips.
- However, upside is limited until a clean breakout above major resistance zones.
S&P500 Bias
- The index is above major moving averages, momentum indicators support upside.
- Bias: Mildly bullish while above key support, but resistance overhead and valuation caution keep things tempered.
As mentioned over the weekend in the live trading room we have started on a bullish front foot, following the US teeing up a sweeping trade deal with China ahead of Trump-Xi meeting, which has seen the markets gap up and set the tone for a Bull Monday. The 9750 upper resistance level is now within sight and they will be keen to try and break 9700 today, however R1 at 9674 has capped proceedings so far.
Slightly higher we have the R2 level at 9714 and with 9722 also the top off the 20d Raff channel we may well see some strong resistance here if tested, and some profit taking as well. The 2h chart remains bullish as you would expect and following the test of the Hull MA on Friday at the 9560 level the bulls have certainly built on that sentiment.
If the bulls were to manage the 9750 level today then we may well then see the bears appear here for a run back down tomorrow and a bear Tuesday. The bias though still remains "buy the dip" and I am still bullish personally for Q4 and a run into new highs for year end.
On the other side of the coin for today however, the bears will be looking to break below the 9640 level initially as we have decent support here from the 25ema on the daily, and the 30m green coral line. Slightly lower we have the daily pivot at 9617 and I expect that the bulls will defend both of these levels if they are seen. 9632 is also Fridays closing level so a gap fill at this area would certainly fit the charts well!
If they were to break the daily pivot however, then that would upset the apple cart, and we would likely see a slide down to the 9550 area again as we have the key fib and the 30m 200ema here. That feels a bit pessimistic for today though....
DAX40
Looking like a dip and rise, as we are just testing the key fib resistance to start with at the 24369 level and a dip down to the daily pivot at 24216 and also a gap close just below there, to set up some more upside later would fit well. We also have R2 at 24385 which we have dropped off from overnight. Initial support is a backtest of R1 at 24295, but the daily pivot below that looks stronger. If the bulls were to break R2 then R3 is highly likely at 24465.
S&P500
Also starting on the front foot and any drop down to the 6820 area looks good for a bounce, as we would back test the key fib add R1 levels here. Below that then the daily pivot at 6782 would be likely. Feels like it will hold up higher than that though and a test of R3 is likely at 6872, maybe before any drop down. The bulls will certainly be keen to keep the momentum going though and should it break above R3 then look for a test of the top of the 20d Raff channel at 6913.
Good luck today.
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