Technical analysis for 9th January 2026
FTSE100 Bias
- BIAS: STRONG BULLISH (LEADER / ACCEPTANCE)
- Holding above 10,000 → acceptance of the psychological level.
- Trend firmly up with higher highs/higher lows.
- Intraday structure shows bullish consolidation; pullbacks are shallow.
- Playbook: Buy dips / continuation.
- First caution: Sustained move back below ~9,980–10,000.
S&P500 Bias
- BIAS: STRONG BULLISH (GLOBAL ANCHOR)
- Firmly above daily EMA20/EMA50.
- No topping or distribution signals; grind-higher regime.
- Playbook: Trend-following longs; buy pullbacks.
DAX40 Bias
- BIAS: BULLISH CONTINUATION
- Structure remains higher highs/higher lows.
- Above key daily averages; weakness is corrective, not impulsive.
- Supported by FTSE strength and a risk-on backdrop.
- Playbook: Buy dips; avoid countertrend shorts.
FTSE100 Roadmap
- Above 10,020: Buy dips
- Below 10,115: Sell rallies
- Break either side: Switch from range → momentum
A decent day for the FTSE100 yesterday with a late charge for the 10100 having broken above the 10055 level. Of course we have NFP today, out at 1330, which is going to be the big event of the day, and we may well see a buy the rumour sell the news pattern play out ahead of that. That could help the FTSE100 push up towards the 10125 resistance level where we have the key fib and daily levels, and then a bearish reaction here. It's just in a bit of no mans land at the moment as I am writing this but I am watching it to see if the pivot, overnight low and the 30m green coral at 10055 hold. Just below this we have the 30m 200ema as well to help with support here, so if it does hold then we may well see the bulls attempt to push towards the 10100.
10087 is the Hull MA on the 2h and capped the rise last night, so the bulls will be keen to break above this today. Generally its all still bullish though the various 2h charts have weakened, but not got a massive bearish reaction with the resistance levels being tested (10087 FTSE100, 6936 S&P500, 25200 DAX40). The daily Raff channels also continue to head upwards though the 10d S&P500 has turned down today.
Below the 10050 level then we may well see the bears aim for the 10008 support area and possibly a fake break below 10000 to test the key fib at 9992. Below this then 9980 looks likely to be retested.
I don't think the bulls will break higher than 10125 today but if they were to do se then the recent high over Christmas at 10052 is next up, with 10180 above that.
As its NFP Friday it is worth being a bit more cautious today.
Bottom Line
- Market state: Consolidation inside bull trend
- Best trades: Range fades at support/resistance
- Worst trades: Chasing mid-range candles
Good luck today and have a great weekend.
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