Technical analysis for 11th March 2026
FTSE 100 — Bearish correction
- Structure
- Downward correction channel intact
- Price sitting just below pivot
- EMAs rolling over
- Recent bounce candle = relief move
- Still technically a corrective downtrend.
- Bias: Sell rallies
DAX — Bearish trend, bounce into resistance
- Structure
- Market still inside a descending channel
- Price sitting just below pivot
- EMAs stacked downward
- Recent green candles = corrective bounce
- This bounce is currently testing the channel midline / pivot resistance.
- Bias: Sell rallies
- Likely sellers appear around pivot → R1 zone.
S&P 500 — Bearish but stabilising
- Structure
- Strong bounce from channel base / S2
- Price now near pivot
- Still below EMAs and descending trendline
- Momentum is slowing but the trend has not reversed.
- Bias: Sell strength unless pivot breaks
- If price holds above pivot → possible range day.
GOLD — Bullish continuation
- Structure
- Uptrend channel intact
- Higher lows structure holding
- Price above pivot
- EMAs still supportive
- Momentum remains positive.
- Bias: Buy pullbacks
NASDAQ — Neutral / potential reversal
- Structure
- Strong bullish reversal candle from channel support
- Price holding around pivot
- EMAs flattening
- This is the first market showing real recovery potential.
- Bias: Range → possible upside
- Bullish only if price holds above pivot and EMA cluster.
Decent showing from the bulls yesterday which has set the 10465 level as resistance and conveniently is the key fib and the R1 area for today. Any early rise may well therefore falter here to set up a decent double top and a dip and rise will play out today. Support wise the 2h chart is providing strong support at 10250 with the Hull MA and coral here, but we do have support higher at 10312 key fib, and then S1 at 10281.
I would not be surprised to see a flush down towards the 10280 area before another climb, as generally the markets are looking more positive now with bullish 2h charts across the board. 6755 S&P500 support, and 23475 DAX40 support from the Hull MA's on them.
That said the FTSE100 daily chart has locked in bearish now, as you would expect really, with the 25ema at 10484 and also the top of the 10d Raff channel (declining) here as well. As such the bulls may struggle to break above this area.
As I am writing this we are just on daily pivot support at the 10377 level so the bears will need to break this, but if not then this could be the catalyst for an early climb into that 10465 resistance level.
On the news front there are a few US inflation figures at 1230 (note the earlier release time) in the USA with most forecasts matching previous levels.
Basically keep an eye on the main supports at 10312, 10280 and possibly as low as 10250 today for decent bounces.
Good luck today.
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