Technical analysis for 14th January 2026
FTSE100 Bias
- STRONG BULLISH (LEADER / ACCEPTANCE PHASE)
- Outlook
- Price holding above 10,000 → strong psychological acceptance.
- Clear higher highs / higher lows structure.
- Pullbacks remain shallow and corrective.
- No sign of distribution or topping.
- Bias today
- Favour longs
- Buy pullbacks
- Avoid shorts unless there is a sustained move back below ~9,980–10,000
- Tone: Confident uptrend, FTSE acting as a leader.
S&P500 Bias
- STRONG BULLISH (GLOBAL DRIVER)
- Outlook
- Above daily EMA20 & EMA50.
- No lower-highs or distribution patterns.
- Low volatility → grind-higher regime.
- Continues to anchor global risk sentiment.
- Bias today
- Trend-following longs
- Buy pullbacks
- Shorts only valid on a clear daily reversal (not present)
- Tone: Stable, supportive, risk-on anchor.
DAX40 Bias
- BULLISH CONTINUATION
- Outlook
- Trend structure remains bullish.
- Trading above key daily moving averages.
- Any weakness so far is consolidation, not reversal.
- Strongly supported by FTSE and S&P strength.
- Bias today
- Buy dips
- Expect pauses, not trend failure
- Countertrend shorts low probability
- Tone: Strong, but slightly less aggressive than FTSE.
FTSE100 Roadmap
- Above 10,115: Buy dips
- Above 10,168: Look for momentum extension
- Below 10,050: Pullback toward 10,020–10,000
FTSE100 Likely Path
- Early: Tight range around pivot
- Mid-session: Attempt push into 10,168
- Best bull case: 10,190 → 10,220
- Worst case: Controlled dip to 10,075, buyers defend
The bulls are still struggling to break 10150 and that held as resistance all day yesterday, with yet another test of the 10100 holding as support. It may well break higher today and we get the test of the 10185 resistance level - we still have daily resistance here and it is also R2 for today. Generally it's all still looking bullish though we do now have a bearish 2h chart in play - resistance from that at 10154 currently.
Initial support is at the 10133 daily pivot with the S1 and 30m 200ema at 10111 below that. if it were to get this low then I like this area for a long as in theory it should hold as support well. In theory anyway! Lower down then the bears would be still aiming for the 10050 area (bottom of the 20d Raff and daily support) which is just below todays S2 level at 10075 - though this is also the bottom of the 10d Raff channel for today so likely to hold.
Back to the bulls and should they break above the 10190 level then 10201 is the key fib, while a bit more optimistically we have R3 at 10226, though that might be a big ask for today. That said we do have financial company earnings out so decent results could certainly help the bulls, along with retail sales and PPI at 1330. Expect some chop then!
The DAX40 and S&P500 now need to break above their daily pivots at 25746 and 6963 respectively, but both the 2h charts have now gone bearish with 25750 and 6967 as the resistance levels to watch.
Good luck today.
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