Rise and dip again with 10475 resistance | 10542 above | 10348 support

Technical analysis for 24th April 2026

FTSE 100

• Bias: Bearish (clean continuation)
  • Strong downside structure
  • Lower highs + momentum down
  • Sitting below pivot + trend resistance
• Plan
  • Sell rallies:
    • 10,400–10,500
  • Targets:
    • 10,280 → 10,200
• Still one of the cleanest shorts

DAX (Germany 40)

• Bias: Neutral → Slight Bearish
  • Market is stalling under pivot
  • Recent breakdown hasn’t followed through strongly
  • Now compressing between:
    • Pivot (~24,120)
    • Support (~23,900)
• Plan
  • Sell pops into:
    • 24,200–24,350
  • Buy only if:
    • Strong reclaim above pivot + hold
• Currently range / indecision, slight downside risk

NASDAQ (US Tech 100)

• Bias: Bullish (unchanged)
  • Clean uptrend still intact
  • Holding above pivot + trend channel
  • No real selling pressure
• Plan
  • Buy dips:
    • 26,700–26,800
  • Targets:
    • 27,150 → 27,550
• Still strongest market

S&P 500 (US 500)

• Bias: Mild Bullish
  • Holding trend structure
  • Consolidating above support
  • No breakdown confirmation
• Plan
  • Buy dips:
    • ~7,050–7,080
  • Targets:
    • 7,200+
• Slow grind higher likely

GOLD (XAUUSD)

• Bias: Bearish
  • Clear lower highs
  • Selling pressure increasing
  • Below pivot + EMAs
• Plan
  • Sell rallies:
    • 4,700–4,740
  • Targets:
    • 4,620 → 4,560
• Trend firmly down

Key Read Today

• US = strength (buy dips)
• Europe = weak / mixed (FTSE weakest, DAX indecisive)
• Gold = risk-off but still selling (no safe haven bid yet)

---

Interested in how to start trading the FTSE 100? Frequently Asked Questions on Spread betting

---

Recommended Broker for trading - MT4/5, web and mobile

IC Markets - offers market leading pricing and trading conditions by providing clients with True ECN Connectivity; this allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Highly recommended!

---

Join my Membership for Trading Tips, Support and Resistance Levels with Live Trading

If you would like more detailed analysis for FTSE 100, DAX40, Gold and the S&P500, including the trades that I am looking to take myself, then please join my active members community.

---

Keep up to date with new website posts, free sign up below