Technical analysis for 15th June 2026
Overall, the risk-on theme remains intact. Equity indices are trading above pivots and key moving averages, while Gold has flipped from bearish to bullish after a strong breakout recovery.
FTSE 100
- Bias: Strong Bullish
- Strong continuation higher.
- Trading well above EMA25 and EMA200.
- Above pivot and S1 has flipped into support.
- RSI approaching 60.
- Key Levels
- Resistance: 10,554 → 10,626
- Support: 10,451 → 10,396
- Trading Plan
- Buy dips while above 10,450.
- Momentum favours a push toward 10,600.
DAX 40
- Bias: Bullish
- Strong breakout above the descending channel.
- Trading above EMA25 and EMA200.
- Holding above the daily pivot (24,617).
- RSI near 58 and rising.
- Key Levels
- Resistance: 24,820 → 24,963 → 25,167
- Support: 24,617 → 24,473
- Trading Plan
- Buy pullbacks into 24,700–24,800.
- As long as price remains above the pivot and EMA cluster, buyers remain in control.
Nasdaq 100
- Bias: Strong Bullish
- Clean break above 30,000.
- Trading above EMA25 and EMA200.
- Strong recovery from the lower channel has now become a breakout.
- Price already trading above R2.
- Key Levels
- Resistance: 30,387 (R3)
- Support: 30,062 → 29,856
- Trading Plan
- Buy dips only.
- The strongest of all the indices today.
S&P 500
- Bias: 🟢 Bullish
- Reclaimed EMA25 and EMA200.
- Trading above pivot and above prior resistance.
- Positive divergence still supporting the move.
- Key Levels
- Resistance: 7,512 → 7,567
- Support: 7,445 → 7,376
- Trading Plan
- Buy pullbacks toward 7,450.
- A break above 7,525 could trigger another leg toward 7,570+.
Gold
- Bias: Bullish Reversal
- Very strong bullish recovery from 4,040 support.
- Price has reclaimed EMA25.
- Trading above R2 and approaching R3.
- Momentum has shifted decisively higher.
- Key Levels
- Resistance: 4,340 → 4,390
- Support: 4,254 → 4,212
- Trading Plan
- Buy pullbacks rather than chasing.
- Gold has transitioned from bearish to bullish, but is approaching resistance where profit-taking could emerge.
Other Trades for Today
- Nasdaq Long
- Buy dips above 30,000.
- Targets: 30,387+.
- FTSE Long
- Buy dips above 10,450.
- Targets: 10,554 then 10,626.
- DAX Long
- Buy above 24,820.
- Targets: 24,963 then 25,167.
- Gold Long
- Buy pullbacks into 4,250–4,280.
- Targets: 4,340 then 4,390.
Market Summary
Today’s charts show a broad bullish alignment across all five markets. The strongest opportunities remain with the Nasdaq and FTSE, while Gold has completed a significant reversal and is now joining the risk-on move. Unless key pivot levels fail, the higher-probability trades today are on the long side.
FTSE100 Thoughts
We are off and running with a bull Monday following the latest Middle East developments and progress on the peace front. Most markets have gapped up and we are still in the Buy The Dip mode that kicked in at the back end of last week. Initially for the FTSE100 I am thinking that we will see a small drop off from the R2 level at 10550 to test the round number at 10500 before more buying kicks in. The bears though will be aiming to break that level as that would likely then target the 10440 daily pivot level. This should hold if seen given the overall bullish theme, and the 2h chart also supports buying – though the Hull MA is at 10420 to provide support on any overshoot.
There is daily resistance at 10595 and we may well see profit taking here on any climb during today, though if we were to break above this then look for a test of R3 at 10625, with 10650 top of the 20d Raff channel above that.
Good luck today.
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